KOCOM Swings to Operating Loss in Q1… Sales Down 29%, Net Loss of 1.3 Billion Won
Consolidated revenue 18.7 billion won (down 29% from 26.4 billion in prior quarter), operating loss 0.83 billion (vs operating profit 2.69 billion in prior quarter), net loss 0.13 billion (vs net profit 2.12 billion in prior quarter)
EPS -8 won (vs 128 won in prior quarter)
Debt ratio 17.31% (vs 15.25% at year-end), stable financial structure (equity 128.2 billion)
New business purpose added (metal structure/window/greenhouse construction); articles amended (outside director→independent director, electronic shareholder meeting basis)
Financial results affected by fair value losses of 0.63 billion on financial assets
One pending lawsuit (3.4 billion won, debt non-existence confirmation) and 116 ancillary lawsuits related to smart pad hacking; no provisions