Cheil Worldwide Reports Q3 Net Profit Increase to 66.2 Billion Won Despite Sales Dip

SEOUL - Cheil Worldwide Inc announced on Friday that its net profit for the third quarter reached 66.2 billion won (approximately $49.1 million), marking a 2.5% increase from the same quarter a year earlier.

According to a new release by Yonhap News Agency, Cheil Worldwide posted an operating profit of 93.4 billion won for the quarter, a slight rise compared to 93.1 billion won in the corresponding quarter of the previous year. However, sales for the quarter witnessed a 4.2% decline, totaling 1.07 trillion won.

The financial figures surpassed market expectations. Analysts had estimated an average net profit of 63.8 billion won for the quarter, as per a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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