Jinyang AMC Reports Operating Profit of 1.1 Billion KRW Last Year, Up 33% Year-on-Year

[Asia Economy Reporter Minji Lee] JinYang AMC, a subsidiary of JinYang Holdings, announced that it recorded an operating profit of 1.11474 billion KRW on an individual basis, a 32.7% increase compared to the same period last year. Sales increased by 6.5% to 3.4 billion KRW, and net profit reached 7.2 billion KRW, a 94% increase.

The company stated, "The profit increased due to the rise in fair value evaluation of financial assets at fair value through profit or loss held."