Hyundai G.F Holdings(005440) said on the 7th that operating profit under consolidation in the second quarter rose 15.6% from a year earlier to 85.3 billion won. Revenue for the same period increased 2.8% to 2.0557 trillion won.
On a cumulative first-half basis, revenue rose 1.7% from a year earlier to 4.1394 trillion won, and operating profit increased 20.3% to 202.9 billion won.
Hyundai G.F Holdings said, "Revenue and operating profit both increased thanks to solid results at major subsidiaries such as Hyundai Green Food, Hyundai Home Shopping, and Handsome," and added, "We expect the strong performance of subsidiaries, including department stores and home shopping, to continue in the second half."
Hyundai G.F Holdings also said it will pay an interim dividends of 65 won per share in Oct. and, starting this month for three months, additionally buy back 50 billion won of its own shares and cancel them within the year.