LIG Nex1 Q2 net income up 44.6 pct to 45.7 bln won

LIG Nex1 Co. on Friday reported its second-quarter net income of 45.7 billion won (US$33 million), up 44.6 percent from a year earlier. The company said in a regulatory filing that operating profit for the April-June period rose 22.1 percent on-year to 49.1 billion won. Sales increased 10.8 percent to 604.7 billion won. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 44.5 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency