KOGAS Q3 net profit soars 213.8% to $204.6 mil.
Korea Gas Corp. (KOGAS), Korea's natural gas monopoly, on Thursday reported its third-quarter net profit of 272.4 billion won ($204.6 million), a surge of 213.8 percent from a year earlier. Operating income for the July-September period was 587.8 billion won, up a sharp 51.1 percent from a year ago, the public utility company said in a regulatory filing. Revenue also rose 17.8 percent to 7.5…
Korea Gas Corp. (KOGAS) reported a third-quarter net profit of 272.4 billion won ($204.6 million), marking a 213.8 percent increase from the previous year. According to The Korea Times, the public utility company's revenue for the July-September period rose 17.8 percent to 7.5 trillion won.
Operating income for the quarter reached 587.8 billion won, a 51.1 percent increase compared to a year ago. The Korea Times noted that this operating profit was 18.9 percent higher than the average estimate provided by the financial data firm Yonhap Infomax, though an estimate for net profit was not available.
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- KOGAS Q3 net profit soars 213.8% to $204.6 mil. koreatimes.co.kr
