Business
Enchem: 2023 saw a sharp swing to net loss on lower sales and higher costs, despite global expansion
Enchem: 2023 saw a sharp swing to net loss on lower sales and higher costs, despite global expansion
About this update from Enchem Co., Ltd.
Revenue fell 16.6% to ₩424.7B in 2023, with a net loss of ₩49.2B due to higher costs and financial expenses. The company expanded global capacity and entered new business lines, but leverage increased and customer concentration remains a risk.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.