ID :
200795
Fri, 08/12/2011 - 04:04
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http://m.oananews.org//node/200795
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Daum's Q2 net nearly doubles
SEOUL (Yonhap) - Daum Communications Corp., the operator of South Korea's second-most visited search engine, said Friday that its second-quarter earnings nearly doubled from a year earlier, helped by higher advertising sales.
Net profit came to 38.9 billion won (US$36.3 million) in the April-June period, compared with 19.2 billion won a year earlier, the company said in a regulatory filing.
Sales rose 16.7 percent on-year to 103.4 billion won and operating profit soared 112 percent to 47.4 billion won, it said.
The operator of the Daum Web portal site said increased online advertisement sales fueled the second-quarter earnings growth.
In the first half of the year, net income reached 64.6 billion won, up 83.8 percent from a year earlier, said Daum. Its first-half sales rose 24.3 percent on-year to 200.7 billion won.
Net profit came to 38.9 billion won (US$36.3 million) in the April-June period, compared with 19.2 billion won a year earlier, the company said in a regulatory filing.
Sales rose 16.7 percent on-year to 103.4 billion won and operating profit soared 112 percent to 47.4 billion won, it said.
The operator of the Daum Web portal site said increased online advertisement sales fueled the second-quarter earnings growth.
In the first half of the year, net income reached 64.6 billion won, up 83.8 percent from a year earlier, said Daum. Its first-half sales rose 24.3 percent on-year to 200.7 billion won.
