Kangwon Land Reports Operating Profit of 10.5 Billion KRW in Q1, Returns to Profitability

[Asia Economy Reporter Lim Chunhan] Kangwon Land announced on the 11th that its consolidated operating profit for the first quarter of this year was tentatively estimated at 10.5 billion KRW, turning to a profit compared to the same period last year (operating loss of 59.6 billion KRW).

Sales increased by 132.8% compared to the same period last year, reaching 226.9 billion KRW. Net loss narrowed to 5.8 billion KRW.