Industry
Azicland posts 2.9 billion won Q1 operating loss, improves 7.0 billion won from previous quarter
Azicland said on Thursday it posted first-quarter consolidated revenue of 54.0 billion won and an operating loss of 2.9 billion won. Revenue jumped 242 percent from a year earlier to the highest quarterly level since its founding. The operating loss narrowed by nearly 7.0 billion won from the previous quarter, and the operating margin improved by about 45 percentage points from a year earlier, bringing it closer to break-even.
