Seoul: GS Holdings on Wednesday reported its first-quarter net profit of 826.7 billion won (US$552.2 million), marking an increase of 183.6 percent from the same period last year. The significant growth in net profit highlights the company's strong financial performance in the first quarter.

According to Yonhap News Agency, the company also revealed in a regulatory filing that it achieved an operating profit of 1.25 trillion won for the quarter, a notable rise from the 803.3 billion won reported in the previous year. Additionally, GS Holdings experienced a 9.9 percent increase in sales, reaching 6.84 trillion won.

This substantial increase in net profit and overall financial growth underscores GS Holdings' robust market position and effective business strategies during the quarter.