Ssangyongc& E. Co. on Thursday reported its second-quarter net income of 21 billion won (US$16.2 million), down 46 percent from a year earlier.
Operating profit for the April-June period was 49.3 billion won, down 5.3 percent from a year ago, the company said in a regulatory filing. Sales rose 14.3 percent to 555.7 billion won.
The operating profit was 7.6 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.
Source: Yonhap News Agency