South Korea: KOGAS 1H Sales Up 20.7 Percent

KOGAS realized KRW 14,677.5 billion in sales for the first half of the year, up 20.7% from the same period of last year, according to company’s report released yesterday. 

KOGAS recorded KRW 5,844.4 billion in sales and KRW 137.3 billion in operating profits for the second quarter.

Net income posted KRW 16.2 billion for the same period. All in all, sales grew by 22.3% year-on-year, while operating profits declined by 11.1%, with net income turning around to black.

The overall sales for the first half of the year stood at KRW 14,677.5 billion, with operating profits recording KRW 782.8 billion and net income realizing KRW 422.5 billion, up 20.7%, 3.6%, and 20.5% year-on-year, respectively.

1 South Korean won = 0.000883 U.S. dollars

[mappress]

Source: KOGAS, October 26, 2011