Seoul: Korea Gas Corp. on Tuesday reported its third-quarter net income of 155.2 billion won (US$110.8 million), swinging from a loss of 162.8 billion won a year earlier. Operating profit for the July-September period was 439.7 billion won, up 90.9 percent from a year ago, the company said in a regulatory filing. Sales rose 2.8 percent to 8.1 trillion won. According to Yonhap News Agency, the financial performance marks a significant recovery for Korea Gas Corp., which faced a challenging period in the previous year. The sharp increase in operating profit highlights the company's improved operational efficiency and strategic initiatives that have contributed to its positive financial outcome this quarter.
Korea Gas Reports Significant Profit Turnaround in Q3.
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