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CJ Cheiljedang Shifts to Loss in Q4

Seoul: South Korean food giant CJ Cheiljedang Corp. on Monday reported its fourth-quarter net loss of 152.8 billion won (US$105.3 million), shifting from a profit of 151.9 billion won a year earlier.

According to Yonhap News Agency, the company's operating income for the October-December period was 377.3 billion won, marking an increase of 26.5 percent from the previous year. Revenue for the quarter rose 2.8 percent to 7.49 trillion won, as detailed in a regulatory filing by the company.

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