Korea Investment Holdings Q2 Net Profit Grows by 121.2 Percent to 220.1 Billion Won

Yonhap News

On Friday, Korea Investment Holdings Co. reported a second-quarter net profit of 220.1 billion won (US$168 million), an increase of 121.2 percent from the same period one year prior.

In a regulatory filing, the company stated that operating profit for the quarter was 255.7 billion won, a rise of 88.4 billion won from the year before. Revenue, however, dropped 19.7 percent to 5.8 trillion won.

The earnings exceeded market forecasts. According to a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency, the average prediction for net profit was 155.4 billion won.

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