Seoul: Korea Gas Corp. (KOGAS) on Wednesday reported its third-quarter net profit of 86.8 billion won (US$59.1 million), down 44.1 percent from a year earlier. Operating income for the July-September period was 389 billion won, down 11.5 percent from a year ago, the company said in a regulatory filing. Sales fell 21.4 percent to 6.37 trillion won.

According to Yonhap News Agency, the decline in net profit and sales reflects changes in market conditions and demand fluctuations. The company has been navigating through various challenges impacting its financial performance over the recent quarters.

KOGAS continues to assess its operational strategies to adapt to the evolving energy market landscape, focusing on efficiency and sustainability to enhance its future growth prospects.