SEOUL, LG HandH Co. on Wednesday reported its fourth-quarter net loss of 120.4 billion won (US$90.2 million), remaining in the red compared with a year ago.
The company said in a regulatory filing that operating profit for the October-December period fell 57.6 percent on-year to 54.7 billion won. Revenue decreased 13.3 percent to 1.56 trillion won.
The loss was 2382.5 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency