KSS Line saw a record-breaking 893.3% growth in net profit

KSS Line, a Korean carrier, announced it marked amazing financial figures in the third quarter of 2012.

The carrier said its third quarter net profit reached KRW 2.5 billion, soaring 893.3% from KRW 250 million compared with the same period last year.

The revenue also grew to KRW 2.9 billion by a whopping 20.1% compared with the last third quarter, KRW 2.41 billion.

KSS Line also recorded KRW 4.7 billion of operating profit, up by 14% against KRW 4.1 billion the year before.

On the other hand, the company noted the financial results all together increased compared with the second quarter.

KSS Line saw its revenue, operating profit and net profit up by 1.5% from KRW 28.5 billion, 1.7% from KRW 4.6 billion, and 39.7% from KRW 1.8 billion, respectively.

The gas carrier shipping company expects it will accomplish its highest revenue of all time.

A representative from KSS Line said, "We could attribute this success as a VLGC was delivered in February and the VLGC market has good, Especially the sales activities in the business sector for chemical tankers has been vigorous." < 김보람 기자 brkim@ksg.co.kr >