Pearl Abyss held a call for investors covering its fourth quarter 2020 & full year 2020 financial results on Tuesday. One economic point Pearl Abyss brought up in the call was the strengthening value of the South Korean won (KRW) vs global currencies in the fourth quarter. Left unsaid was a callout about the U.S. dollar, which fell 6.9% against the won in Q4. While in better shape, the euro did fall 2.5% against the won in the same period. When converting KRW to USD in this post, I will use the historical exchange rates found on xe.com.
In 2020, operating revenue decline by 8.8%, or ₩47 billion, compared to 2019. On the positive side, PA's operating profit rose ₩6 billion (4%) over the same period as the company's operating profit margin increased from 28% to 32%.