Alphabiz - Ssangyong Motor reduced its deficit by more than half last year.. Operating loss of 112 billion won

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[Alpha Biz=(Chicago) Reporter Kim Jisun] Ssangyong Motor announced on the 21st that it posted sales of 3.4233 trillion won, operating losses of 112 billion won, and net losses of 60.1 billion won last year.

Ssangyong Motor explained that the loss improved significantly last year due to overall sales growth such as domestic demand and exports and self-rescue efforts. Ssangyong Motor's annual operating loss and net loss in 2021 are 261.3 billion won and 266 billion won, respectively.

Ssangyong Motor was incorporated as an affiliate of KG Group with the end of the corporate rehabilitation process in the fourth quarter of last year. Ssangyong Motor surpassed 1 trillion won in quarterly sales for the first time in four years since 1.527 trillion won in the fourth quarter of 2018. Sales rose 34.9 percent year-on-year to 113,960 units last year due to product improvement models such as New Rexton Sports & Khan and the popularity of new car Torres.

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)