Kyungdong Navien posted an operating profit of 63.8 billion won on a consolidation basis in the first quarter of this year.
Kyungdong Navien said on the 13th that first-quarter revenue on a consolidation basis was 425.32 billion won and operating profit was 63.81 billion won.
Revenue and operating profit rose 16.5% and 61.7%, respectively, from a year earlier. Net profit for the period came to 58.004 billion won, up 53.8%.
A Kyungdong Navien official said, "Thanks to continued growth not only in North America but also in overseas markets, revenue, operating profit, and net profit all posted solid year-over-year results," and noted, "The effect of exchange rates and expense-cutting efforts to address uncertainties also contributed positively to the improvement in results."