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[Breaking] GC Green Cross Q2 Operating Profit at KRW 1.7 Billion... Down 93.8% Year-on-Year

GC Green Cross announced preliminary earnings for the second quarter of 2026, recording a consolidated operating profit of KRW 1.7 billion, down 93.8% year-on-y

Oseong Kwon
Staff Reporter
4 min read
[Breaking] GC Green Cross Q2 Operating Profit at KRW 1.7 Billion... Down 93.8% Year-on-Year
CBC News

GC Green Cross announced preliminary earnings for the second quarter of 2026, recording a consolidated operating profit of KRW 1.7 billion, down 93.8% year-on-year.

According to GC Green Cross's consolidated financial statement-based preliminary operating results disclosure on the 31st, Q2 revenue and operating profit stood at KRW 421.2 billion and KRW 1.7 billion, respectively.

  • *[Q2 Key Earnings Summary]**
  • Revenue: KRW 421.2 billion (down 3.3% from the previous quarter's KRW 435.5 billion, down 15.8% from KRW 500.3 billion in the same period last year)
  • Operating Profit: KRW 1.7 billion (down 85.5% from the previous quarter's KRW 11.7 billion, down 93.8% from KRW 27.4 billion in the same period last year)
  • Profit (Loss) from Continuing Operations before Income Tax Expense: Loss of KRW 1.6 billion (turned to a deficit from a profit of KRW 28.6 billion in the previous quarter and KRW 33.1 billion in the same period last year)
  • Net Income: KRW 1.1 billion (down 94.5% from the previous quarter's KRW 20.1 billion, down 96.6% from KRW 32.7 billion in the same period last year)
  • Net Income Attributable to Owners of the Parent: KRW 2.0 billion (down 90.2% from the previous quarter's KRW 20.5 billion, down 94.7% from KRW 38.0 billion in the same period last year)

First-Half Cumulative Earnings Also Weak On a cumulative basis for the first half, revenue reached KRW 856.7 billion, down 3.1% year-on-year. Operating profit fell 61.8% to KRW 13.5 billion, and profit from continuing operations before income tax expense also declined 45.8% to KRW 27.0 billion. Additionally, net income was KRW 21.2 billion (-61.5%) and net income attributable to owners of the parent was KRW 22.5 billion (-66.8%), both recording sharp declines.

Meanwhile, GC Green Cross stated, "These earnings are preliminary consolidated results prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS)," adding, "As they have not yet been reviewed by an external auditor, they may be subject to change during the review process."

Oseong Kwon
Staff Reporter

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