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Kakao reports weak earnings in Q2

All Headlines 08:29 August 09, 2018

SEOUL, Aug. 9 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, on Thursday reported weak earnings in the second quarter despite a rise in sales.

Operating income plunged 38 percent on-year to 10.4 billion won (US$9.3 million) in the April-June period, while sales increased 26 percent on-year to 588.9 billion won, the company said in a regulatory filing.

Kakao reports weak earnings in Q2 - 1

khj@yna.co.kr
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