April 25, 2024
Mobile & Internet
Naver’s Q1 net profit jumps 28%
[THE INVESTOR] Naver said on April 27 that its net profit soared 28 percent in the first quarter from a year earlier.
Net profit reached 211 billion won (US$186 million) on a consolidated basis in the January-March period, compared with a profit of 165 billion won a year earlier, the company said in a regulatory filing.
Revenue from its advertisement business increased 22 percent to 99.7 billion won in the first quarter from 81.5 billion won a year earlier, he said.
Operating profit rose 13 percent on-year to 290.8 billion won in the first quarter, and sales surged 16 percent to 1.08 trillion won over the cited period, it said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Net profit reached 211 billion won (US$186 million) on a consolidated basis in the January-March period, compared with a profit of 165 billion won a year earlier, the company said in a regulatory filing.
Revenue from its advertisement business increased 22 percent to 99.7 billion won in the first quarter from 81.5 billion won a year earlier, he said.
Operating profit rose 13 percent on-year to 290.8 billion won in the first quarter, and sales surged 16 percent to 1.08 trillion won over the cited period, it said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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