SEOUL, Aug. 10 (Yonhap) -- Cosmax Inc. on Thursday reported its second-quarter net income of 27.4 billion won (US$20.8 million), up 414.4 percent from a year earlier.
Operating profit for the April-June period was 46 billion won, up 167.3 percent from a year ago, the company said in a regulatory filing. Revenue rose 18.3 percent to 479.3 billion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 23 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
(LEAD) Court rejects arrest warrant for opposition leader Lee over corruption charges
(LEAD) S. Korea stages military parade in downtown Seoul for 1st time in decade
(LEAD) N. Korea decides to expel U.S. soldier Travis King
(2nd LD) (Asiad) S. Korean tennis player Kwon Soon-woo embroiled in controversy after 2nd-round upset
S. Korea shows off 'high-power' missiles for Armed Forces Day ceremony