Korea Aerospace Earnings Decline In Q2; Shares Fall
(RTTNews) - Korea Aerospace Industries, Ltd. (047810.KS), on Wednesday reported lower net income in the second quarter compared with the previous year.
For the second quarter, net income attributable to shareholders of the parent company declined to KRW 35.9 billion from KRW 56.4 billion in the previous year.
Operating income decreased to KRW 48.4 billion from KRW 85.2 billion in the prior year.
Sales increased to KRW 1.1679 trillion from KRW 828.3 billion in the previous year.
On Tuesday, Korea Aerospace is currently trading 18.39% lesser at KRW 116,700 on the Korean Stock Exchange.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.