GS Holdings Second Quarter Net Profit Drops 74.8 Percent to 236.2 Billion Won


On Tuesday, GS Holdings reported a second-quarter net income of 236.2 billion won (US$179.8 million), representing a decrease of 74.8 percent compared to the same period last year.

The company stated in a regulatory filing that operating income for the April-June period dropped 54.6 percent year-on-year to 697.8 billion won. Revenue also decreased by 15.2 percent to 6.16 trillion won.

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