Doosan Bobcat Inc. on Wednesday reported its first-quarter net income of 207.5 billion won (US$155.3 million), up 106.5 percent from a year earlier.
The company said in a regulatory filing that operating income for the January-March period rose 90.2 percent on-year to 369.7 billion won. Revenue increased 46.6 percent to 2.4 trillion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 147.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency