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[Breaking] EcoPro Q2 Earnings... Operating Profit of KRW 32.9 Billion, Up 102.7% Year-over-Year

EcoPro announced on the 4th through a regulatory filing that its preliminary consolidated operating profit for the second quarter of this year stood at KRW 32.9

Oseong Kwon
Staff Reporter
3 min read
[Breaking] EcoPro Q2 Earnings... Operating Profit of KRW 32.9 Billion, Up 102.7% Year-over-Year
CBC News

EcoPro announced on the 4th through a regulatory filing that its preliminary consolidated operating profit for the second quarter of this year stood at KRW 32.9 billion, representing a 102.7% increase compared to the same period last year. However, this figure marks a 41.7% decline from the previous quarter (KRW 56.3 billion).

  • *[Q2 Key Earnings Summary]**
  • Revenue: KRW 820.8 billion (down 11.9% year-over-year, up 0.3% from KRW 818.3 billion in the previous quarter)
  • Profit Before Income Tax from Continuing Operations: KRW 84.4 billion (swung to profit from -KRW 56.0 billion in the same period last year, down 70.8% from KRW 289.1 billion in the previous quarter)
  • Net Income: KRW 49.2 billion (swung to profit from -KRW 38.0 billion in the same period last year, down 79.2% from KRW 236.5 billion in the previous quarter)

[First-Half Cumulative Earnings] Cumulative revenue for the first half totaled KRW 1.6391 trillion, down 5.7% from the same period last year. Meanwhile, cumulative operating profit reached KRW 89.3 billion, surging 407.3% year-over-year. Additionally, both profit before income tax from continuing operations (KRW 373.5 billion) and net income (KRW 285.7 billion) successfully swung to profit compared to the same period last year.

The company stated, "These earnings are preliminary consolidated results based on Korean International Financial Reporting Standards (K-IFRS)," adding, "As this is internal settlement data that has not been audited by an external auditor, it may be subject to change based on the future audit results."

Oseong Kwon
Staff Reporter

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