NHN Reports Operating Loss of 32.6 Billion KRW Last Quarter, Turns to Deficit

NHN, a KOSPI-listed company, announced on the 13th that it recorded an operating loss of 32.6 billion KRW on a consolidated basis last year, marking a turnaround from an operating profit of 55.6 billion KRW the previous year.

Sales increased by 8.2% year-on-year to 2.4561 trillion KRW. Net loss widened to 185.2 billion KRW.

Operating profit in the fourth quarter was 25 billion KRW, turning positive from an operating loss of 7.8 billion KRW in the same period last year. Sales and net loss for the quarter were 643.9 billion KRW and 74.8 billion KRW, respectively.