SsangYong Motor Q1 losses pass 34B won as demand drops

Home > Business > Industry

print dictionary print

SsangYong Motor Q1 losses pass 34B won as demand drops

SsangYong Motor said Friday its net losses deepened in the first quarter due to a sharp decline in demand.

Net losses widened to 34.24 billion won ($32 million) for the three months ending March 31 from 13.93 billion won a year earlier, the company said in a statement.

Operating losses also grew to 31.26 billion won in the first quarter from 15.49 billion won the previous year. Sales rose 2.54 percent to 808.77 billion won from 788.72 billion won.


Yonhap

More in Industry

SK Telcom merges two security services subsidiaries

KDB requests sit-down with Asiana unions about takeover

Are you Taycan to me?

Facebook hit with $6 million penalty for customer data leak

Spinoff to give LG chairman's uncle his own conglomerate

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now