Business · Companies · 2 hrs ago

LS Marine Solution's third-quarter operating profit rises 234.6%

LS Marine Solution's third-quarter operating profit rises 234.6%

LS Marine Solution reported higher third-quarter profits in a filing on Wednesday.

The South Korean company said its operating profit reached 6.9 billion won, up 234.6% from the same period last year.

Its revenue fell 4.3% to 73.6 billion won.

Net profit rose 92.3% to 6.2 billion won.

The figures are provisional and based on the company’s consolidated results.

Profit rose while revenue declined, showing that the company’s results moved in different directions; the filing gave no further explanation.

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