Kakao Q4 Operating Profit 108.5 Billion KRW...27.5% Decrease YoY

[Asia Economy Reporter Hwang Yoon-joo] Kakao announced on the 11th that its consolidated operating profit for the fourth quarter of last year was 108.5 billion KRW, a 27.5% decrease compared to the same period last year. During the same period, sales increased by 44.5% to 1.7851 trillion KRW, and net profit turned positive to 219.8 billion KRW.

For the full year on a consolidated basis, operating profit increased by 30.9% to 596.8 billion KRW, and sales rose by 47.6% to 6.1361 trillion KRW. Net profit surged 847.1% to 1.6419 trillion KRW.

On a separate basis, operating profit increased by 23.5% to 131.5 billion KRW, and sales grew by 28.4% to 652.3 billion KRW. Net profit turned positive to 110.6 billion KRW.

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