[Special Stock] Naver Rises Over 2% on Strong Earnings

Published 22 Jul.2021 10:20(KST)

[Asia Economy Reporter Minji Lee] Naver is showing a rise of over 2% following the announcement of strong second-quarter earnings.

At 10:18 AM on the 22nd, Naver's stock price stood at 437,000 KRW, up 2.10% from the previous trading day. This rebound after five trading days is analyzed to have positively influenced the stock price due to the second-quarter earnings surprise.

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On the same day, Naver announced that its operating profit for the second quarter reached 335.6 billion KRW, a 9% increase compared to the same period last year. Revenue grew 30.4% year-over-year to 1.6635 trillion KRW.

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