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GSK, cash equivalents of 250,000 won

By Jung, Sae-Im | translator Kim, Jung-Ju

23.04.24 12:04:03

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Cash outflow from operating activities for the third year

Increase in trade receivables and inventories last year

Capital increases are also carried out

GSK Korea's cash flow is rapidly deteriorating. It has not been able to generate cash through operating activities for three consecutive years, so money is not circulating. Cash equivalents fell to 250,000 won. Short-term borrowings borrowed to raise operating funds exceeded 90 billion won.

According to the Financial Supervisory Service on the 24th, as of the end of last year, GSK Korea's cash and cash equivalents were 250,000 won, a decrease of about 100% from the previous year (15.1 billion won). Cash and cash equivalents, which were 33.2 billion won in 2018, gradually decreased to 14.9 billion won in 2019 and 6.1 billion won in 2020, and then bottomed out in 5 years. The company's cash equivalents botto

Jung, Sae-Im(same@dailypharm.com)
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