Business · Companies · 2 hrs ago

Coway's third-quarter operating profit rises 7.3% as net profit falls

Coway's third-quarter operating profit rises 7.3% as net profit falls

South Korean company Coway reported higher operating profit for the third quarter compared with a year earlier.

Its operating profit was 260.8 billion won, up 7.3%.

Revenue rose 13.7% to 1.4261 trillion won over the same period.

Net profit fell 36.6% to 111.5 billion won.

The figures are consolidated and were reported as provisional results.

The results show revenue and operating profit grew while net profit declined.

No reason for the net profit drop or next steps were given.

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