KOREX grabs double-digit growth in 2Q

Korea Express (KOREX CEO Mr. Lee Won-Tae) is still rolling during the second quarter 2012.

KOREX announced double-digit growing performance in 2Q. The company said it made KRW 713.1 billion in revenue compared to KRW 632.9 billion the year before, soaring by 12%. It also increased by 21.8% from KRW 585 billion compared with the 1st quarter of 2012.

However KOREX saw not much fluctuation on its net profit and operating profit. Net profit also improved slightly - KOREX recorded KRW 585 billion of net profit, climbing by 1.6% from 2Q in 2011.

But operating profit measured KRW 42.7 billion, slipping a little by 1% from KRW 43.1 billion in the same period last year.

Meanwhile, KOREX also saw a huge improvement in the first half of 2012. The company saw its net profit soar by 66.6% to KRW 43.3 billion.

Operating profit and revenue also grew by 30.7% and 10.5%, respectively, recording KRW 80.9 billion and KRW 1.3746 trillion during the first six months of 2012. < 김보람 기자 brkim@ksg.co.kr >