Hybe shifts to loss in Q4
Earnings 15:59 February 21, 2023
SEOUL, Feb. 21 (Yonhap) -- Hybe Co. on Tuesday reported its fourth-quarter net loss of 188.7 billion won (US$145.6 million), turning from a profit of 53.6 billion won a year earlier.
The company said in a regulatory filing that operating income for the October-December period fell 29.9 percent on-year to 51.7 billion won. Revenue increased 16.9 percent to 535.3 billion won.
The operating profit was in line with the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.
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