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Hybe Q3 net profit up 90.9 pct to 94.9 bln won

All News 09:55 November 03, 2022

SEOUL, Nov. 3 (Yonhap) -- Hybe Co. on Thursday reported its third-quarter net profit of 94.9 billion won (US$66.6 million), up 90.9 percent from a year earlier.

Operating income for the July-September period was 60.6 billion won, down 7.6 percent from a year ago, the company said in a regulatory filing. Sales rose 30.6 percent to 445.5 billion won.

The earnings beat market expectations. The average estimate of net profit by analysts stood at 48.5 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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