Go to Contents Go to Navigation

Daum Q2 net plunges 23 pct on ads, games

All Headlines 08:19 August 09, 2013

SEOUL, Aug. 9 (Yonhap) -- Daum Communications Corp., the operator of South Korea's second-most visited portal, said Friday its second-quarter profit sank 23 percent on declines in its display advertising and game services.

Net profit came to 178 billion won (US$160 million) in the April-June period, compared with a profit of 230 billion won a year earlier, Daum said in a regulatory filing.

Revenue gained 15.2 percent on-year to 127 billion won in the second quarter, while operating profit dropped 22.5 percent to 243 billion won over the cited period.

Daum attributed the slump in net profit to less demand for display adverts and a decline in game services.


Send Feedback
How can we improve?
Thanks for your feedback!