Net profit doubles at NHN Corporation

Home > Business > Industry

print dictionary print

Net profit doubles at NHN Corporation

NHN Corp., Korea’s top Internet company by market value, said yesterday its second-quarter net profit more than doubled from a year earlier, boosted by an increase in online advertising revenues. Net income rose to 32.4 billion won ($33.9 million) in the April-June period, up 120.4 percent from a year earlier, the company said in a regulatory filing. Sales jumped 59.9 percent to 132.9 billion won, with operating profit surging 65.1 percent to 50.6 billion won. Compared with three months earlier, however, net profit declined 7.7 percent, the company said. NHN operates the nation’s most visited Internet portal,, and No. 1 online game portal The company said the second-quarter earnings growth was mainly due to increased online advertisement revenues. Sales from search engine-based advertisement grew 70.8 percent to 68.1 billion won from a year ago.

More in Industry

SK unit buys stakes in LNG customers in China

LG Electronics to release budget phones in more markets

Beer fans leave the booze behind

Sex offender doxxing site crowdsources justice

These little piggies didn’t go to the market

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now