Foosung Co., Ltd.KRX: 093370

Foosung: Revenue down 21.5% YoY, net income positive at ₩6.5B, capital raised for growth

· Issued by Foosung Co., Ltd.

Revenue fell 21.5% year-over-year to ₩327.4 billion amid weak demand, but net income turned positive at ₩6.5 billion. The company strengthened its balance sheet through a rights offering and continues to invest in production capacity for specialty gases and battery materials.

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