Seoul: Emart Inc. on Tuesday reported its fourth-quarter net loss of 596.3 billion won (US$410 million), remaining in the red compared with a year ago. The company revealed this information in a regulatory filing, highlighting ongoing financial challenges despite efforts to stabilize operations.

According to Yonhap News Agency, Emart continued to post an operating loss of 77.1 billion won for the October-December period. This figure shows a slight improvement compared to a loss of 85.5 billion won a year earlier. Despite this, the company's revenue fell 1.4 percent to 7.24 trillion won, indicating persistent hurdles in boosting sales.

The report underscores Emart's need to address its financial performance as it navigates the competitive retail landscape. The company's ongoing losses signal a critical period ahead as it seeks strategies to return to profitability.