Economy / Business
Add as a preferred source on GoogleLotte Chilsung Beverage Co. reported a net income of 31.5 billion won for the April-June period, up 103.2 percent on-year. The South Korean firm added that its second-quarter operating income rose 55.6 percent on-year to…
Lotte Chilsung Beverage Co. reported a net income of 31.5 billion won for the April-June period, up 103.2 percent on-year.
The South Korean firm added that its second-quarter operating income rose 55.6 percent on-year to 45.6 billion won.
Lotte Chilsung's revenue jumped 11.9 percent to 668.9 billion won.
The beverage company's operating profit was 4.0 percent higher than the average estimate, based on the survey by Yonhap Infomax.
The net profit estimate was not available.
Energy accounted for more than 80% of the monthly increase in final-demand goods prices. Gasoline rose 20.3% from August.
Parent-company senior unsecured notes make up $125 million of the financing; a subsidiary’s first mortgage bonds account for the other $150 million.
The 10-year yield was 5.10% and the 30-year was 5.48%, both lower than their Oct. 14 levels.
