Korea Aerospace Industries Q2 Net Profit Plummets 80.3% to 9.9 Billion Won


On Monday, Korea Aerospace Industries Ltd. reported a second-quarter net profit of 9.9 billion won (US$7.6 million), a massive 80.3 percent decrease from the same period a year ago.

The company disclosed in a regulatory filing that operating income for April-June dropped 75.6 percent year-on-year to 8.4 billion won. Nonetheless, sales surged 9.7 percent to 733.5 billion won.

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