Business · Companies · 8 hrs ago
Korea District Heating reports third-quarter operating loss
Korea District Heating reported a third-quarter operating loss of 7.9 billion won, according to preliminary consolidated results.
The South Korean company had recorded an operating profit of 89.4 billion won in the same quarter a year earlier.
Its revenue fell 20% to 606.2 billion won over the year.
The company’s net result also turned to a loss, reaching 16.7 billion won.
The operating result was far below market expectations, which had pointed to a 47.4 billion won profit.
The figures show a sharp reversal in the company’s quarterly performance; no next steps were stated.
Korea District Heating reported a third-quarter operating loss of 7.9 billion won, compared with an operating profit a year earlier.
The preliminary consolidated result was far below a market forecast of a 47.4 billion won operating profit.
Revenue fell 20% from a year earlier to 606.2 billion won.
The company posted a net loss of 16.7 billion won, reversing from a profit a year earlier.
- Who
- Korea District Heating, a KOSPI-listed company.
- What
- It reported a third-quarter operating loss of 7.9 billion won and a net loss of 16.7 billion won.
- When
- The company disclosed the preliminary results on November 10, 2026.
- Where
- Not stated
- Why
- Not stated
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- Operating loss
- 7.9 billion won in the third quarter
- Prior-year operating result
- 8.94 billion won profit
- Market forecast
- 47.4 billion won operating profit
- Revenue
- 606.2 billion won, down 20% year on year
- Net loss
- 16.7 billion won in the third quarter