Kolmar Holdings said on the 11th that operating profit in the third quarter rose 142.4% from a year earlier to 16.3 billion won. Revenue for the same period was tallied at 165.5 billion won, up 1.6%. Net profit came to 5.3 billion won, up 6.5%.

An extraordinary general meeting of shareholders for Kolmar Holdings is underway at the Industry-University-Research Cluster Support Center in Sejong City on the 29th of last month. /Courtesy of News1

The company said the improvement was largely driven by better results at major subsidiaries, including Kolmar Korea. On a separate basis, Kolmar Holdings posted operating profit of 580 million won, swinging to a profit from a year earlier, and revenue was tallied at 11.6 billion won, up 14.8%.

On a cumulative basis for the first through third quarters this year, Kolmar Holdings' operating profit rose 20.4% year over year to 35.8 billion won. Revenue came in at 493.6 billion won, down 5%.

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