Avaco Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was KRW 14,028.7 million compared to KRW 18,832.04 million a year ago. Net loss was KRW 4,069.06 million compared to KRW 2,068.47 million a year ago.

Basic loss per share from continuing operations was KRW 305 compared to KRW 155 a year ago. Basic loss per share was KRW 305 compared to KRW 155 a year ago.