[Special Stock] Paradise Rises 3% Intraday on Strong Q3 Performance
![[Special Stock] Paradise Rises 3% Intraday on Strong Q3 Performance](http://www.asiae.co.kr/news/img_view.htm?img=2022090806525026291_1662587570.jpg)
[Asia Economy Reporter Minji Lee] Paradise is showing an intraday upward trend following strong third-quarter earnings.
At 10:29 AM on the 10th, Paradise was trading at 15,500 KRW, up 3.33% from the previous trading day. The stock price surged to as high as 15,850 KRW during the session.
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The strong third-quarter earnings announcement is analyzed to have positively influenced the stock price. Paradise, which announced its earnings on the day, recorded an operating profit of 38.348 billion KRW on a consolidated basis, marking a 697% growth compared to the same period last year. The strong performance is estimated to be due to the resumption of tourism and increased profits in the hotel sector. Sales reached 189.486 billion KRW, a 55.6% increase compared to the same period last year. Net profit turned positive at 42.653 billion KRW.
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