Go to Contents Go to Navigation

(LEAD) Daelim Industrial's Q3 net up 28.5 pct on one-off gains

All News 16:02 October 29, 2020

(ATTN: UPDATES with company's comments and details; ADDS photo)

SEOUL, Oct. 29 (Yonhap) -- Daelim Industrial Co., a major South Korean builder, said Thursday its net profit rose 28.5 percent in the third quarter from a year earlier due to one-off gains.

Net profit for the July-September period came to 229.1 billion won (US$202.4 million), compared with 178.3 billion won a year earlier, the company said in a regulatory filing.

Daelim Industrial said the reversal of the allowance for bad debts boosted its bottom line.

Daelim Industrial said sales rose 2.7 percent on-year to 2.22 trillion won in the third quarter, and operating profit increased 11.9 percent on-year to 249.5 billion won.

This file photo shows Daelim Industrial's corporate logo atop its main office in central Seoul. (Yonhap)


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