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


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.

You might also like
Open chat
Need help?
Scan the code
Hello 👋
Can we help you?

Mark Silaev
Glosema Account Manager