Korea Investment Holdings Co. on Monday reported its second-quarter net income of 281.1 billion won (US$204.7 million), up 27.8 percent from a year earlier. Operating profit for the April-June period was 299.5 billion won, up 17.1 percent from a year ago, the company said in a regulatory filing. Revenue fell 0.8 percent to 5.75 trillion won. The earnings beat market expectations. The average estimate of net profit by analysts stood at 226.3 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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