Exchange Announces 2023 Fiscal Year Financial Results for KOSDAQ and KONEX
KOSDAQ Reports Decrease in Both Operating Profit and Net Profit Last Year
Last year, the net profit of KOSDAQ-listed companies was halved. The KONEX market recorded losses across all industries.
According to the "KOSDAQ Market December Fiscal Year 2023 Settlement Results" announced by the Korea Exchange on the 3rd, the consolidated net profit of 1,146 December fiscal year companies analyzed decreased by 54.60% year-on-year to 3.5845 trillion KRW. Operating profit recorded 9.4077 trillion KRW, down 35.41% during the same period. Sales increased by 1.20% to 260.4556 trillion KRW.
Among the 1,146 companies analyzed, 668 companies (58.29%) posted net profits, while 478 companies (41.71%) recorded losses.
Of the 668 companies that posted profits, 111 switched from losses in the previous period to profits, and 557 companies achieved consecutive profits. Among the 478 companies that recorded losses, 185 switched from profits in the previous period to losses, and 293 companies continued to incur losses.
Operating profit and net profit decreased in most industries. In particular, the IT sector was the worst performing, with operating profit down 66.62% year-on-year to 1.8714 trillion KRW and a net loss of 378.4 billion KRW. The manufacturing sector’s operating profit and net profit decreased by 17.79% and 18.16%, respectively. Notably, the pharmaceutical and paper & wood sectors turned to net losses. Operating profit and net profit in other sectors decreased by 11.93% and 32.84%, respectively. Other services turned to net losses, and electricity, gas, and water sectors continued to incur losses.
KONEX Records Losses Across All Industries Due to Deteriorating Business Environment Including High Interest Rates and Inflation
On the same day, according to the "KONEX Market December Fiscal Year 2023 Settlement Results" announced by the Korea Exchange, the individual operating loss and net loss of 114 December fiscal year companies analyzed widened year-on-year to 231.7 billion KRW and 252.3 billion KRW, respectively. The operating profit margin (-10.1%) and net profit margin (-11.0%) decreased by 7.5 percentage points and 6.2 percentage points year-on-year, respectively.
Among the 114 companies analyzed, 43 companies (37.7%) posted net profits, while 71 companies (62.3%) recorded losses.
All industries recorded operating losses. The IT and other sectors switched from profits in the previous year to losses, while the bio and manufacturing sectors continued to incur losses.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
