DB Hitek Q2 Net Profits Decline by 50.1 Percent to 80.3 Billion Won


On Friday, DB Hitek Co. reported a net income of 80.3 billion won (US$61.3 million) for the second quarter of the year, a decrease of 50.1 percent from the same period in 2019.

The company disclosed in a regulatory filing that its operating profit for the quarter was 89.9 billion won, a decline from 213.2 billion won the year before. Revenue also dropped by 29.1 percent to 308.8 billion won.

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