Korea Zinc announced in a regulatory filing on the 4th that it provisionally recorded a consolidated operating profit of KRW 141.655 billion for the third quarter of this year.

■ Q3 Performance: Revenue Rose but Operating Profit Halved

Revenue for the period came to KRW 6.086097 trillion, up 46.3% from the same period last year, while operating profit fell 48.2% year-on-year. Compared to the previous quarter, revenue decreased 4.5% and operating profit dropped 75.9%.

Third-quarter profit before corporate tax from continuing operations was KRW 335.168 billion, up 239.2% year-on-year but down 33.9% from the previous quarter. Net income was KRW 225.379 billion, up 218.6% from a year earlier but down 35.9% from the prior quarter. Net profit attributable to owners of the parent company was KRW 228.71 billion, up 216.7% year-on-year but down 34.4% quarter-on-quarter.

■ Cumulative Q1-Q3 Performance: Both Revenue and Operating Profit Rose Sharply

Cumulative revenue for the first three quarters of this year totaled KRW 18.530726 trillion, up 56.8% from the same period last year. Cumulative operating profit was KRW 1.474823 trillion, an increase of 83.6% year-on-year.

Cumulative profit before corporate tax from continuing operations for the period was KRW 1.359709 trillion, up 78.8% from a year earlier. Cumulative net income rose 65.4% to KRW 930.959 billion, while cumulative net profit attributable to owners of the parent company increased 64.7% to KRW 931.008 billion.

■ Provisional Results... Earnings Set to Be Unveiled on November 5

These figures are provisional consolidated operating results prepared in accordance with the Korean International Financial Reporting Standards (K-IFRS). Korea Zinc stated that the figures may change depending on the final settlement and the review by external auditors.

The company plans to provide related information to analysts, institutional investors, retail investors, and the media at 9 a.m. on November 5.