[eGongsi Notice] Naver, 3Q Operating Profit 330.2 Billion Won... 5.6% Decrease YoY (Morning Summary)

[Asia Economy Reporter Hwang Yoon-joo] Naver announced on the 7th that its consolidated operating profit for the third quarter was 330.2 billion KRW, a 5.6% decrease compared to the same period last year. Revenue increased by 19.1% to 2.0573 trillion KRW, while net profit for the period decreased by 28.3% to 231.6 billion KRW.

▲ Hanshin Engineering & Construction = Signed a contract for a small-scale reconstruction maintenance project for Daedong-A Apartments worth 56 billion KRW, accounting for 4.3% of revenue, with a contract period from November 2022 to April. Also signed a contract for a small-scale housing reconstruction maintenance project for Ihwa Yeonrip worth 55.8 billion KRW, accounting for 4.3% of revenue; contract period not disclosed.

▲ Bigsolon = Consolidated operating profit for the third quarter was 9.8 billion KRW, a 65.2% increase year-on-year, and revenue was 36.5 billion KRW, up 24.3%.

▲ Daewoo E&C = Announced on the 7th that it was selected as the construction company for the Hannam 2 Redevelopment Promotion Zone housing redevelopment project. The contract amount for this project is approximately 790.9 billion KRW.

▲ IDP = Consolidated operating profit for the third quarter was 2.9 billion KRW, a 292% increase year-on-year, and revenue was 12 billion KRW, up 90%.

▲ Lotte Rental = Consolidated operating profit for the third quarter was 93.9 billion KRW, a 28.9% increase year-on-year, and revenue was 717.6 billion KRW, up 17.3%.

▲ BusinessOn = Consolidated operating profit for the third quarter was 3 billion KRW, a 24.6% increase year-on-year, and revenue was 10.4 billion KRW, up 26.6%.

▲ CNPlus = Consolidated operating profit for the third quarter turned positive to 64 million KRW, and revenue increased by 39.4% to 7.6 billion KRW.

▲ DL E&C = Announced on the 7th that it was selected as the construction company for the Busan Promotion Zone 3 housing redevelopment project. The expected construction cost is approximately 1.6073 trillion KRW, accounting for 21.06% of recent revenue. The project includes 3,545 apartment units (from basement level 5 to ground level 60) and ancillary facilities.

▲ Kolon Plastics = Consolidated operating profit for the third quarter was 13.4 billion KRW, a 19.9% increase year-on-year, and revenue was 132.4 billion KRW, up 26.4%.

▲ Pictogram = Decided on a stock dividend of 5 shares for every 1 common share. The record date for new shares is the 22nd of this month, and the listing date is scheduled for the 7th of next month.

▲ DI = Consolidated operating profit for the third quarter was 5.1 billion KRW, a 36.4% increase year-on-year, and revenue was 66.1 billion KRW, up 39.2%.

▲ Tobis = Consolidated operating profit for the third quarter was 5.3 billion KRW, a 42.2% decrease year-on-year, and revenue was 92.3 billion KRW, up 28.3%.