Kolmar Korea Q2 Profit Increases by 89.3 Percent to 42.6 Billion Won

Yonhap News

SEOUL, Aug. 11 (Yonhap) — Kolmar Korea Co. revealed on Friday that its net income for the second quarter was 42.6 billion won (US$32.3 million), a jump of 89.3% from the same period the year before.

The company also reported an operating income of 55.7 billion won, a 65.5% increase from the year before, and revenue that rose 19.3% to 599.7 billion won.

The operating profit was 36.5% higher than what was predicted in a survey from Yonhap Infomax, the financial data firm of Yonhap News Agency. There was no available forecast for the net income.

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