Kolon Industries Inc. on Monday reported its second-quarter net income of 37.4 billion won (US$28.6 million), down 15.2 percent from a year earlier.
The company said in a regulatory filing that it posted 65.8 billion won in operating profit for the quarter, compared with 88.7 billion won a year ago. Sales fell 3 percent to 1.34 trillion won.
The operating profit was 7.0 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.
Source: Yonhap News Agency