Seoul: Kolon Industries on Friday reported its first-quarter net income of 79.7 billion won (US$54.2 million), marking a significant increase of 303.1 percent from the same period last year.

According to Yonhap News Agency, the Korean chemical and textile manufacturing company disclosed in a regulatory filing that it achieved an operating profit of 61.9 billion won for the quarter, compared to 26.9 billion won in the previous year. Additionally, the company's corporate sales experienced a slight growth, rising by 0.5 percent to reach 1.23 trillion won.