Seoul: DL Holdings Co., a South Korean chemicals-to-construction conglomerate, on Thursday reported its fourth-quarter net loss of 12.9 billion won (US$8.8 million), shifting from a profit of 31.4 billion won a year earlier. Operating income for the October-December period was 11.1 billion, compared with a loss of 24 billion won a year ago, the company said in a regulatory filing. Revenue fell 5.1 percent to 1.23 trillion won.

According to Yonhap News Agency, DL Holdings, which operates across multiple sectors, experienced this downturn despite efforts to maintain its financial stability. The significant drop in net profit was attributed to various market challenges and operational changes within the conglomerate. The reduction in revenue underscores the pressures faced by the company in its primary industries.

DL Holdings' performance in the last quarter marks a notable shift from the previous year, where it had reported considerable profits. The company's ability to generate operating income despite a net loss suggests potential areas of resilience. However, the decline in overall revenue highlights the need for strategic adjustments to navigate the current economic landscape.