Kumho Petro Chemical Q2 net profit up 15.9 pct to 131.6 bln won

Kumho Petro Chemical Co. on Friday reported its second-quarter net profit of 131.6 billion won (US$96 million), up 15.9 percent from a year earlier. Operating income for the April-June period was 119.1 billion won, up 10.7 percent from a year ago, the company said in a regulatory filing. Revenue rose 17.4 percent to 1.85 trillion won. The earnings beat market expectations. The average estimate of net profit by analysts stood at 95.8 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency