Seoul - Kolmar Korea Co. announced a substantial increase in its third-quarter net profit, which rose by 203.9 percent to 19.8 billion won (US$15 million). In a regulatory filing on Friday, the company reported that its operating income for the July-September period also saw a significant increase of 71.5 percent to 31 billion won, while sales grew by 9.1 percent to 516.4 billion won.
According to Yonhap news Agency, this performance exceeded market expectations, with the average estimate of net profit by analysts previously standing at 12.8 billion won, as per a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
The impressive financial results underscore Kolmar Korea's robust performance in a competitive market, reflecting the company's successful business strategies and operational efficiency. The substantial growth in both net profit and operating income highlights the company's strong financial health and market position.