SEOUL, May 9 (Yonhap) -- Kolon Industries Inc. on Tuesday reported its first-quarter net profit of 28.4 billion won (US$21.4 million), down 67.8 percent from a year earlier.
The company said in a regulatory filing that it posted 28.9 billion won in operating profit for the quarter, compared with 64.3 billion won a year ago. Revenue fell 3.8 percent to 1.22 trillion won.
The operating profit was 23.2 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.
(LEAD) S. Korea's Coast Guard apprehends 22 Chinese after illegal entry attempt
N. Korea slams IAEA's adoption of resolution on Pyongyang's nuclear weapons program
(Asiad) S. Korea blank China to reach men's football semifinals
(LEAD) (Asiad) S. Korea takes 2 silvers in roller skating relays
S. Korea's Coast Guard apprehends 21 Chinese after illegal entry attempt