Foosung Co., Ltd.KRX: 093370

Foosung: Revenue fell 16.3% and net loss reached KRW 69.4 billion amid asset impairments and weak demand

· Issued by 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.

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