Cheil Worldwide(030000), buoyed by growth in North America and emerging markets, posted steady results in the second quarter of this year.
Cheil Worldwide said on the 24th that operating profit in the second quarter of this year rose 0.6% from a year earlier to 92.7 billion won.
Sales for the same period fell 4.0% to 1.0745 trillion won. Net profit increased 24% to 63.5 billion won.
Gross profit, which is sales minus cost of sales, rose 1.2% to 489.6 billion won.
Cheil Worldwide said efficiencies in affiliate marketing and growth in North America and emerging markets drove results. It also noted that the expansion of direct-to-consumer (D2C) services and the continued growth of business centered on non-affiliate advertisers are diversifying the business portfolio.