Naver Q4 net profit up 129 pct to 301.8 bln won

Naver Corp. on Friday reported its fourth-quarter net income of 301.8 billion won (US$226.6 million), up 129 percent from a year earlier. Operating profit for the October-December period was 405.5 billion won, up 20.5 percent from a year ago, the company said in a regulatory filing. Revenue rose 11.7 percent to 2.53 trillion won. The earnings fell behind market expectations. The average estimate of net profit by analysts stood at 341.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency