[Featured Stock] Golfzon Rises Over 4% Early in Trading on Strong Q3 Performance
[Asia Economy Reporter Geum Bo-ryeong] Golfzon showed strong performance in the third quarter, leading to an early rise in its stock price on the 28th.
As of 9:14 AM that day, Golfzon's stock price recorded 74,000 KRW, up 4.82% (3,400 KRW) compared to the previous close.
Golfzon announced in a disclosure the previous day that its consolidated operating profit for the third quarter increased by 98.1% year-on-year to 15.381 billion KRW. Sales for the same period rose 21.3% to 79.67 billion KRW.
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Yoon Hyuk-jin, a researcher at SK Securities, explained, "The third-quarter results exceeded expectations in both operating profit and sales," adding, "Due to this year's strong performance, a favorable dividend policy is expected."
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