Kolmar Holdings reported a double-digit increase in operating profit for the third quarter of this year, despite a decline in revenue.
According to the Financial Supervisory Service's electronic disclosure system on November 13, Kolmar Holdings' consolidated operating profit for the third quarter was 19.5 billion won, a 19.5% increase compared to the same period last year. Revenue during the same period fell to 1.345 trillion won, down 18.7%.
Net profit for the quarter was 9 billion won, marking a 68.8% increase from the previous year. The net profit attributable to shareholders of the parent company rose to 5.6 billion won, a 175.4% increase.
However, compared to the previous quarter, both revenue and operating profit decreased. Revenue dropped by 5.5%, while operating profit fell by 23.0%.
For the first three quarters of this year, cumulative revenue totaled 4.288 trillion won, a decrease of 13.1% compared to the same period last year. In contrast, cumulative operating profit reached 65.3 billion won, an increase of 82.1%, and net profit was 84.1% higher at 84.1 billion won.
* This article has been translated by AI.
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