Cosmax Q1 net profit down 93 pct to 712 mln won
Earnings 15:53 May 12, 2023
SEOUL, May 12 (Yonhap) -- Cosmax Inc. on Friday reported its first-quarter net income of 712 million won (US$533,533), down 93 percent from a year earlier.
The company said in a regulatory filing that operating profit for the January-March period rose 0.5 percent on-year to 13.8 billion won. Revenue increased 1.4 percent to 403.3 billion won.
The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 10.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Latest News BIZ
BLACKPINK star Jisoo tests positive for COVID-19, to miss world tour stop in Osaka
Suspect in grisly Busan murder sent to prosecutors for further probe
Napoli's Kim Min-jae named Serie A's best defender, makes Team of the Season
Military continues salvage operation for North Korean rocket debris
S. Korean nuke envoy urges efforts to cut off illicit funds to N. Korean weapons program