Seoul: Kolon Industries Inc. on Thursday reported its first-quarter net income of 19.8 billion won (US$14.1 million), marking a decrease of 2.7 percent from the same period last year.

According to Yonhap News Agency, the company's operating profit for the January-March period stood at 26.9 billion won, reflecting a decline of 13.5 percent from the previous year. Despite the drop in net income and operating profit, Kolon Industries experienced a revenue increase of 7.8 percent, reaching 1.23 trillion won during the quarter.

The company disclosed these financial results in a regulatory filing, highlighting the mixed performance in its financial metrics. The rise in revenue contrasts with the decreases in both net income and operating profit, indicating varying business conditions affecting the company's overall financial health.