Business
Foosung: Revenue down 21.5% YoY, net income positive at ₩6.5B, capital raised for growth
Foosung: Revenue down 21.5% YoY, net income positive at ₩6.5B, capital raised for growth
About this update from 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.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.