NHN Q2 net up 11.1 pct on higher search revenue

SEOUL, Aug. 6 (Yonhap) -- NHN Corp., the operator of South Korea's largest
Internet portal, Naver, said Thursday its second-quarter earnings gained 11.1
percent from a year ago on a rise in search revenue and on-line ads.
Net income came to 103.3 billion won (US$84.3 million) in the April-June period,
compared with 92.9 billion won a year earlier, NHN said in a regulatory filing.
Sales, however, shed 0.7 percent to 302.6 billion won in the period, while
operating profit gained 0.9 percent to 129.9 billion won, the company said.
The results were announced an hour before the stock market opened.
ygkim@yna.co.kr
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