April 23, 2024

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[THE INVESTOR] Naver, Korea’s leading online portal operator, said on Oct. 26 its third-quarter net profit rose 9 percent from a year earlier.

In the third quarter that ended on Sept. 30, Naver posted a net profit of 216 billion won (US$191 million), up from 198 billion won a year earlier, the company said in a statement.

Operating profit climbed 11 percent to 312.1 billion won from 282.3 billion won a year ago. Sales jumped 19 percent to 1.2 trillion won from 1.01 trillion won during the same period, the statement said.

The operating profit increase was helped by equity gains from its Japanese affiliate Line, a messaging application service, it said.

By Alex Lee and newswires (alexlee @heraldcorp.com)