(MENAFN) Naver Corp., South Korea's top Internet portal operator, said its second-quarter net profit more than tripled from a year earlier, driven by robust revenues from mobile advertising.
Net income reached a total of USD107 million in the April-June period of this year, compared with USD33.96 million the previous year, the company said in a regulatory filing.
The figure, however, falls far short of the median estimate of USD129.46 million in a poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Meanwhile, operating profit registered a decrease of 11.6 percent in the cited period to USD144.11 million logged a year earlier, while sales gained 13.8 percent to USD673.14 million.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.