Korea Zinc Q3 net income soars 218.6% to $167.9 mil.
Korea Zinc Inc. on Wednesday reported its third-quarter net income of 225.4 billion won ($167.9 million), a surge of 218.6 percent from a year earlier. Operating profit for the July-September period, however, stood at 141.7 billion won, down 48.2 percent from a year ago, the company that produces various metals and engages in renewable-related businesses said in a regulatory filing. Sales rose…
Korea Zinc Inc. reported a third-quarter net income of 225.4 billion won ($167.9 million), representing a 218.6 percent increase compared to the previous year. Sales for the July-September period rose 46.3 percent to reach 6.08 trillion won.
Despite the increase in net income, operating profit fell 48.2 percent from a year ago to 141.7 billion won. The Korea Times reported that these earnings fell short of market expectations, noting that the average net profit estimate from analysts was 271.5 billion won.
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- Korea Zinc Q3 net income soars 218.6% to $167.9 mil. koreatimes.co.kr
