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THE INVESTOR]
Korea Gas (036460) reported on Aug. 10 that its operating loss in the second quarter came in at 6.4 billion won (US$5.90 million).
Revenue declined 28.81 percent to 3.54 trillion won and net loss ballooned 162.86 percent to 106.3 billion won from the same period last year.
The public corporation explained that “fall in the oil price led to a decrease in the net profit” adding that “the debt-equity ratio declined from last year’s 321.5 percent to 294 percent in the first half.”
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Korea Gas headquarters |
Overseas operations in Iraq and Myanmar are posting steady profits and it expects the newly established plant in Uzbekistan to reap more by 2041.
By Hwang You-mee (
glamazon@heraldcorp.com)
