Business
Foosung: Revenue fell 16.3% and net loss reached KRW 69.4 billion amid asset impairments and weak demand
Foosung: Revenue fell 16.3% and net loss reached KRW 69.4 billion amid asset impairments and weak demand
About this update from Foosung Co., Ltd.
Revenue declined 16.3% year-over-year to KRW 437.8 billion, with a net loss of KRW 69.4 billion due to weak demand and major asset impairments in battery materials and overseas subsidiaries. Liquidity improved through a capital increase, but no dividend is planned for FY2024.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.