[Breaking] TLB Posts Q2 Operating Profit of KRW 12.8 Billion... 86.3% YoY "Surprise Earnings"
TLB recorded record-breaking performance in the second quarter. According to the provisional consolidated earnings disclosure on the 3rd, operating profit for t
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TLB recorded record-breaking performance in the second quarter. According to the provisional consolidated earnings disclosure on the 3rd, operating profit for the second quarter of this year surged 86.3% year-on-year to KRW 12.773 billion.
Revenue increased 37.8% to KRW 88.243 billion, and net income surged 138.8% to KRW 10.759 billion.
The growth trend was also evident compared to the previous quarter. Second-quarter revenue rose 16.4% from the prior quarter, while operating profit grew 19.2%, profit before income tax from continuing operations increased 21.5%, and net income climbed 27.1%.
■ First-Half Cumulative Performance Also Jumps
On a cumulative basis for the first half, the company achieved revenue of KRW 164.078 billion and operating profit of KRW 23.491 billion. Compared to the same period last year, revenue increased 40.2% and operating profit rose 169.1%.
Cumulative net income reached KRW 19.227 billion, up 256.9% year-on-year. Net income attributable to the owners of the parent company stood at KRW 19.284 billion, representing a 255.0% increase.
The company emphasized that these figures are provisional consolidated estimates prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS) and have not yet been reviewed by an external auditor. It added that there may be differences from the finalized results in the future.
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