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November 17, 2018

Kakao’s Q3 operating profit down 35% to W30.7b

PUBLISHED : November 08, 2018 - 09:38

UPDATED : November 08, 2018 - 11:30

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[DISCLOSURE] Kakao (035720) reported on Nov. 8 that its operating profit in the third quarter dropped 35.3 percent to 30.66 billion won (US$27.40 million) from the same period last year.

Its revenue increased 16.3 percent on-year to 599.30 billion won while net profit decreased 81.5 percent to 7.38 billion won.

By Hwang You-mee (glamazon@heraldcorp.com)

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