GS Holdings Q1 net profit down 30.4 pct to 521.1 bln won

GS Holdings-Q1 earnings

GS Holdings Q1 net profit down 30.4 pct to 521.1 bln won

SEOUL, May 9 (Yonhap) -- GS Holdings on Tuesday reported its first-quarter net profit of 521.1 billion won (US$393.6 million), down 30.4 percent from a year earlier.

The company said in a regulatory filing that it posted 1.06 trillion won in operating profit for the quarter, compared with 1.23 trillion won a year ago. Sales fell 1.8 percent to 6.83 trillion won.

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