KCC Q2 Net Profit Drops 63 Percent to 67.3 Billion Won


SEOUL, Aug. 7 (Yonhap) — KCC Corp. reported on Monday that its second-quarter net profit was 67.3 billion won (US$51.6 million), a decrease of 63 percent from the previous year.

The company said in a filing that its operating profit for the quarter was 90.4 billion won, compared to 164.2 billion won a year ago. Sales dropped 9.5 percent to 1.58 trillion won.

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