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[Breaking] Doosan Robotics Posts Q3 Operating Loss of KRW 13.404 Billion... Loss Narrows, Revenue Up 59.1% Year-on-Year

Doosan Robotics reduced its loss in the third quarter of this year alongside revenue growth. According to a regulatory filing on the 29th, Doosan Robotics' preliminary consolidated Q3 results showed revenue of KRW 16.175 billion and an operating loss of KRW 13.404 billion. Revenue fell 8.5% from the

Oseong Kwon
Staff Reporter
3 min read
[Breaking] Doosan Robotics Posts Q3 Operating Loss of KRW 13.404 Billion... Loss Narrows, Revenue Up 59.1% Year-on-Year
CBC News

Doosan Robotics reduced its loss in the third quarter of this year alongside revenue growth. According to a regulatory filing on the 29th, Doosan Robotics' preliminary consolidated Q3 results showed revenue of KRW 16.175 billion and an operating loss of KRW 13.404 billion. Revenue fell 8.5% from the previous quarter (KRW 17.674 billion) but rose 59.1% from the same period last year (KRW 10.165 billion). The operating loss narrowed by 7.0% from the previous quarter (KRW 14.417 billion) and by 12.2% from a year earlier (KRW 15.265 billion). However, the pre-tax loss from continuing operations came to KRW 18.629 billion, expanding 45.6% from the previous quarter and 44.9% from the same period last year. Net loss for the period was KRW 18.301 billion, up 43.1% quarter-on-quarter and 42.3% year-on-year, while net loss attributable to owners of the parent company was also KRW 18.301 billion. For the first nine months of this year, cumulative revenue reached KRW 49.144 billion, surging 146.0% from the same period last year. Cumulative operating loss was KRW 39.891 billion, down 7.3% from a year earlier (KRW 43.022 billion). In contrast, cumulative pre-tax loss from continuing operations widened 4.5% year-on-year to KRW 40.586 billion, while cumulative net loss and net loss attributable to owners of the parent company each rose 3.6% year-on-year to KRW 40.259 billion. These results are preliminary consolidated operating figures prepared under Korean International Financial Reporting Standards (K-IFRS) and may be subject to change. The company said detailed information will be posted in the investor relations section of its website.

Oseong Kwon
Staff Reporter

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