On Tuesday, SEOUL-based LX International Corp. declared their third-quarter net profit to be 49 billion won (US$37.5 million), an 80.2 percent decrease from the same period a year ago.
The business revealed in a regulatory filing that their operating profit for the quarter was 63.6 billion won, a significant dip from 272.6 billion won in the previous year. Revenue also dropped 22.3 percent to 3.65 trillion won. (END)