Kumho Petro Chemical 2023 net income down 57.2% to $326.5 mil. – Beragampengetahuan

Kumho Petrochemical’s synthetic rubber factory in Yeosu, South Jeolla Province / Courtesy of Kumho Petrochemical

Kumho Petro Chemical on Monday reported its 2023 net income of 436.2 billion won ($326.5 million), down 57.2 percent from a year earlier.

The company said in a regulatory filing that operating profit for the year fell 68.7 percent on-year to 359 billion won. Annual sales decreased 20.7 percent to 6.32 trillion won. (Yonhap)