Sono International grows profit in South Korea despite net loss on higher costs

Sono International, the holding company of Sono Hospitality Group, disclosed on the 6th that last year's results came in at 968.8 billion won in revenue and 248.2 billion won in operating profit. Compared with a year earlier, revenue rose 9.5% and operating profit increased 11.4%.

During the same period, the net loss was 30.1 billion won, swinging to a loss from a year earlier. It is interpreted that higher other expense, finance expense, and corporate tax expense affected the net loss.