Kumho Petro Chemical Q2 Profit Plummets 59.1% to 117.4 Billion Won


SEOUL, Aug. 4 (Yonhap) — Kumho Petro Chemical Co. announced on Friday that its second-quarter net income had dropped by a drastic 59.1 percent to 117.4 billion won (US$89.8 million).

The company stated in a regulatory filing that its operating income for the April-June period had plummeted 69.5 percent year-on-year to 107.9 billion won, while sales had decreased 29.7 percent to 1.57 trillion won.

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