Grand Korea Leisure shifts to red in Q3

SEOUL, Nov. 9 (Yonhap) -- Grand Korea Leisure Co. on Monday reported its third-quarter net loss of 22.8 billion won (US$20.4 million), swinging from a profit of 25.3 billion won a year earlier.

The company said in a regulatory filing that it posted an operating loss of 31 billion won for the July-September period, compared with a profit of 30.6 billion won a year ago. Revenue fell 73.9 percent to 34.8 billion won.
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