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March 29, 2024

Kakao’s 2018 operating profit slashed 56% to W73b

PUBLISHED : February 14, 2019 - 10:39

UPDATED : February 14, 2019 - 10:39

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[DISCLOSURE] Kakao (035720) reported on Feb. 14 that its operating profit in 2018 dropped 56 percent to 73.0 billion won (US$64.91 million) from the previous year.

Its revenue increased 23 percent on-year to record 2.42 trillion won while net profit plummeted 87.3 percent to 15.93 billion won.

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

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