SEOUL, Poongsan Corp. on Wednesday reported its 2023 net income of 158.9 billion won (US$120 million), down 9.3 percent from a year earlier.

Operating profit for the year was 230.1 billion won, down 0.7 percent from the previous year, the company said in a regulatory filing. Annual sales fell 5.7 percent to 4.12 trillion won.

Source: Yonhap News Agency