Moorim Paper announced on the 15th that its consolidated revenue in the first quarter of this year was 319 billion won and its operating profit was 5.1 billion won. Compared to the same period last year, revenue decreased by 3.5 percent and operating profit decreased by 80 percent.
Moorim Paper explained that its subsidiary Moorim P&P experienced a temporary decline in profitability as some equipment was shut down during major factory maintenance. The maintenance has now been completed, and it is anticipated that performance will normalize from the second quarter.