EcoPro’s third quarter operating profit decreased by 70%, affected by EcoPro BM’s slump

2023-10-13 07:42:26
[비즈니스포스트] EcoPro’s operating profit in the third quarter decreased by nearly 70% compared to the same period last year.

EcoPro announced on the 13th that it was provisionally estimated to have generated sales of 1.9045 trillion won and operating profit of 65.7 billion won on a consolidated basis in the third quarter of 2023.

▲ EcoPro’s operating profit in the third quarter decreased by nearly 70% compared to the same period last year.

Compared to the third quarter of 2022, sales increased by 16.7%, but operating profit decreased by 68.9%.

Compared to the previous quarter, the second quarter of this year, sales decreased by 5.6% and operating profit decreased by 61.4%.

It is analyzed that the significant decline in operating profit of EcoPro BM, the main subsidiary, is also reflected in EcoPro’s performance. Ecopro BM’s consolidated operating profit in the third quarter of this year was 45.9 billion won, a 67.6% decrease from the same period last year.

EcoPro explained, “The provisional results are operating results on a consolidated basis prepared in accordance with the Korean International Financial Reporting Standards,” and “They are internal financial statements that have not been audited by an external auditor, and may change in the future depending on the results of the external auditor’s audit.” Reporter Ryu Geun-young

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