Kyungdong Navien Reports Q1 Operating Profit of 63.8 Billion Won, Up 62% Year-on-Year
Kyungdong Navien announced on May 13 that its operating profit increased by more than 60% in the first quarter of this year, alongside double-digit sales growth.
According to Kyungdong Navien, its consolidated sales for the first quarter of this year reached 425.3 billion won, up 16.5% compared to the same period last year. During the same period, operating profit recorded 63.8 billion won, an increase of 61.7%.
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Operating profit rose by 42.6% compared to the fourth quarter of last year, and net profit for the period increased by 210.2%. Net profit attributable to owners of the parent company also surged by 207% from the previous quarter.
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