NHN swings to profits in Q1

NHN-Q1 earnings

NHN swings to profits in Q1

SEOUL, May 11 (Yonhap) -- NHN Corp. on Thursday reported its first-quarter net income of 25.6 billion won (US$19.3 million), turning from a loss of 4.5 billion won a year earlier.

The company said in a regulatory filing that operating income for the January-March period rose 23.1 percent on-year to 19.1 billion won. Sales increased 5.4 percent to 548.3 billion won.

The operating profit was 20.4 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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