SEOUL, South Korea — Korea Zinc Inc. reported a decrease in first-quarter net income, falling 18.8 percent to 112.4 billion won (approximately US$82.5 million), as announced in a regulatory filing on Friday. This figure fell short of market expectations, which had anticipated a net income closer to 141.8 billion won, based on analyst estimates compiled by Yonhap Infomax.
According to Yonhap News Agency, while net income decreased, there was a notable rise in operating profit, which increased by 26.6 percent year-over-year to 184.5 billion won. However, sales saw a decline, dropping 6 percent to 2.37 trillion won. The performance reflects mixed financial health and suggests challenges in maintaining revenue growth alongside profit gains.