Kolon Industries 2023 net profit down 73.2 pct to 50.8 bln won

Kolon Industries Inc. on Tuesday reported its 2023 net income of 50.8 billion won (US$38.2 million), down 73.2 percent from a year earlier. The company said in a regulatory filing that it posted 157.6 billion won in operating profit for the year, compared with 242.5 billion from the previous year. Annual sales fell 5.7 percent to 5.06 trillion won. Source: Yonhap News Agency