ID :
135361
Fri, 07/30/2010 - 06:17
Auther :

NHN Q2 net rises 14.2 pct on higher ad revenue


By Lee Youkyung
SEOUL, July 30 (Yonhap) -- NHN Corp., the operator of South Korea's most-visited
Web portal, said Friday its second-quarter net income rose 14.2 percent from a
year ago as the economic recovery increased sales of online advertisements.
Net income came in at 117.95 billion won (US$99.58 million) in the April-June
period, compared with 103.26 billion won a year ago, the Seongnam, South
Korea-based company said in a regulatory filing.
Sales climbed 9.1 percent on-year to 330.07 billion won, and operating profit
rose 16.8 percent from a year earlier to 151.67 billion won.
NHN, which also operates South Korea's largest online game portal, Hangame, is
expected to ride on reviving online advertisement sales as an economic recovery
drives up corporate marketing spending.
ylee@yna.co.kr
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