LIG Nex1 Q3 net profit down 55.1 pct to 33.9 bln won

SEOUL, - LIG Nex1 Co. on Thursday reported its third-quarter net profit of 33.9 billion won (US$24.9 million), down 55.1 percent from a year earlier.

Operating profit for the July-September period was 41.1 billion won, down 29.6 percent from a year ago, the company said in a regulatory filing. Revenue fell 22.9 percent to 536 billion won.

The operating profit was 13.2 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

Source: Yonhap News Agency