Seoul: Kangwon Land Inc. on Wednesday reported its fourth-quarter net profit of 66 billion won (US$46.4 million), marking a 41.2 percent decrease from the previous year.
According to Yonhap News Agency, the company revealed in a regulatory filing that its operating income for the October-December period experienced a 30.5 percent decline on-year, totaling 29.7 billion won. In contrast, sales for the same quarter saw a 6 percent increase, reaching 365.4 billion won.