Kolon Industries Q2 Net Profit Declines 15.2 Percent to 37.4 Billion Won


On Monday, Kolon Industries Inc. reported its second-quarter net income of 37.4 billion won (US$28.6 million), a decrease of 15.2 percent from the same period last year.

The company stated in a regulatory filing that operating profit for the quarter was 65.8 billion won, a decrease from 88.7 billion won a year ago. Sales dropped by 3 percent to 1.34 trillion won.

The operating profit was 7.0 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. There was no available estimate of net profit.

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