Seoul: Korzinc on Wednesday reported its fourth-quarter net loss of 225.2 billion won (US$155.8 million), shifting from a profit of 193 billion won a year earlier. Operating profit for the October-December period was 132.8 billion won, down 32.9 percent from a year ago, the company said in a regulatory filing. Revenue rose 42.6 percent to 3.44 trillion won.

According to Yonhap News Agency, the shift to a net loss marks a significant change in Korzinc's financial performance compared to the previous year. The decline in operating profit for the October-December period highlights the challenges faced by the company despite an increase in revenue. This financial update was provided by Korzinc in a regulatory filing, underscoring the impact on its bottom line.