SEOUL — KTandG Corp. announced a significant turnaround in its financial performance for the fourth quarter, posting a net profit of 117.1 billion won (US$88.2 million). This marks a notable recovery from the 60 billion won loss reported in the same period a year earlier. The company's operating income for the October-December quarter slightly decreased by 1.4 percent year-on-year to 198.6 billion won, according to a regulatory filing. However, its revenue saw a 3.2 percent increase, reaching 1.45 trillion won.
According to Yonhap News Agency, the financial data arm of Yonhap News Agency, KTandG's operating profit exceeded analysts' expectations by 6.3 percent. Although specific net profit estimates were not available, the company's return to profitability in the fourth quarter reflects a positive shift in its financial landscape.