Naver Q1 net income soars 1,171.9% on growth of major businesses
South Korean tech giant Naver Corp. said Friday its first-quarter net profit soared 1,171.9 percent from a year earlier on the overall growth of its major businesses, including its search platform and e-commerce. Its net profit reached 555.8 billion won ($404 million) in the January-March period, compared with 43.7 billion won a year ago, the company said in a regulatory filing. The operating profit jumped 32.9 percent on-year to 439.3 billion won, and sales rose 10.8 percent to 2.52 trillion wo
May 3, 2024