SEOUL - Kangwon Land Inc. reported on Wednesday that its net profit for the first quarter fell by 8.5 percent to 92.9 billion won (US$68.1 million), despite gains in operating income and revenue.
According to Yonhap News Agency, while net income declined, operating income for the January to March period rose by 8.9 percent to 75.9 billion won from the previous year. Additionally, revenue saw a modest increase of 2.9 percent, reaching 368.4 billion won. This mixed financial performance highlights challenges even as certain aspects of the business improved.