KOGAS Q3 Net Profit Soars 213.8% to $204.6 Mil.
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Korea Gas Corporation (KOGAS) reportedly achieved earnings improvements in the third quarter of this year that exceeded financial market expectations. This is attributed to a significant increase in profits from overseas resource development projects driven by rising global natural gas prices. According to the Financial Supervisory Service on the 12th, KOGAS disclosed that its operating profit for the third quarter of this year totaled 587.8 bil…
KOGAS Q3 net profit soars 213.8% to $204.6 mil.
Korea Gas Corp. (KOGAS), Korea's natural gas monopoly, on Thursday reported its third-quarter net profit of 272.4 billion won ($204.6 million), a surge of 213.8 percent from a year earlier. Operating income for the July-September period was 587.8 billion won, up a sharp 51.1 percent from a year ago, the public utility company said in a regulatory filing. Revenue also rose 17.8 percent to 7.5 trillion won. The operating profit was 18.9 percent hi…
(Seoul = Yonhap News) KOSPI-listed Korea Gas Corporation [036460] reported a consolidated operating profit of 587.8 billion won for the third quarter of this year, up 51.1% from the same period last year...
Korea Gas Corporation achieved good results in the 3rd quarter of this year thanks to improved profitability in overseas business. Although operating profit increased 51% from the same period of the previous year and the debt ratio also declined, accounts receivable accumulated during the gas sales process exceeded 14 trillion won. Korea Gas Corporation announced on the 12th that the consolidated operating profit for the 3rd quarter of this year…
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