Lingnet, Q2 Operating Profit 3.2 Billion KRW... 113% Increase YoY

Lingnet announced on the 19th that its operating profit for the second quarter increased by 113% year-on-year to 3.17 billion KRW. However, sales decreased by 31%.

On a cumulative basis for the first half of the year, sales decreased by 30% compared to the same period last year. However, operating profit increased by 60% to 5.95 billion KRW. Net profit also grew by 150% to 5.92 billion KRW.

A company representative explained, "Basic earnings per share for the first half of this year were 459 KRW, a 138% increase compared to 193 KRW in the first half of last year," adding, "The portion of profit attributable to shareholders per share has significantly increased."