SEOUL-- Kangwon Land Inc. on Tuesday reported its second-quarter net income of 20.9 billion won (US$18.2 million), shifting from a loss of 45.6 billion won a year earlier.

Operating profit for the April-June period was 2.7 billion, compared with a loss of 103.8 billion won a year ago, the company said in a regulatory filing. Sales rose 487.9 percent to 203.6 billion won.

Source: Yonhap News Agency