Kyungdong Navien, 4Q Operating Profit of 17.5 Billion KRW Last Year... 14% Decrease YoY

[Asia Economy Reporter Minwoo Lee] Kyungdong Navien announced on the 9th that it posted preliminary consolidated results for the fourth quarter of last year with sales of 311.7 billion KRW and an operating profit of 17.5 billion KRW. Sales increased by 16.6% compared to the same period last year, but operating profit decreased by 13.7%. Net profit for the same period was recorded at 11.9 billion KRW, up 42.0%.