GS Engineering and Construction swings to loss in 2023

SEOUL, GS Engineering and Construction Corp. on Wednesday reported its 2023 net loss of 419.3 billion won (US$315 million), shifting from a profit of 441.2 billion won a year earlier.The company said in a regulatory filing that it posted an operating loss of 388.5 billion won for the year, compared with a profit of 554.8 billion won from the previous year. Annual revenue rose 9.2 percent to 13.43 trillion won.Source: Yonhap News Agency