LX International Q1 net income down 37.3 pct to 98 bln won

SEOUL, LX International Corp. on Tuesday reported its first-quarter net income of 98 billion won (US$71.1 million), down 37.3 percent from a year earlier. Operating income for the January-March period was 110.7 billion won, down 31.5 percent from a year ago, the company said in a regulatory filing. Revenue rose 2.1 percent to 3.77 trillion won. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 56.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency