GS Holdings on Wednesday reported its second-quarter net profit of 275.4 billion won (US$199.8 million), up 16.6 percent from a year earlier. The company said in a regulatory filing that it posted 798.1 billion won in operating profit for the quarter, compared with 711.9 billion won a year ago. Revenue rose 1 percent to 6.2 trillion won. The earnings fell behind market expectations. The average estimate of net profit by analysts stood at 371.1 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency
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