Hyundai Glovis Net Profit Rises 86.2% In Q2

Hyundai Glovis Co. on Friday, July 23, 2021, reported its second-quarter net profit of 214.3 billion won (US$186.2 million), up 86.2 percent from a year earlier.

The company said in a regulatory filing that it posted 276.9 billion won in operating profit for the quarter, compared with 130.6 billion won a year ago.

Revenue rose spectacularly by 67.2 percent to 5.46 trillion won, Yonhap News Agency reported.

The operating profit was 8.8 percent higher than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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