GS Holdings reports net 560.6 billion won in third quarter
GS Holdings reported a net profit of 560.6 billion won ($411.2 million) in the third quarter, up 7.04 percent on year and beating analyst expectations.
The figure surpassed a 420.9-billion-won net profit estimate compiled on FnGuide.
It reported revenue of 7.38 trillion won, up 34.3 percent on year and also surpassing analyst expectations of a 6.8-trillion-won revenue.
Operating profit rose 112.6 percent on year to 1.36 trillion won.
The company said growth wasn’t as big as it could have been, due to crude oil price increases becoming minimal, but still reported on-year growth due to its subsidiaries performing well overall.
BY LEE TAE-HEE [lee.taehee2@joongang.co.kr]
with the Korea JoongAng Daily
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