Seoul: Lig Nex1 Co. on Thursday reported its third-quarter net profit of 54.2 billion won (US$37.4 million), marking an increase of 33.2 percent from the same period a year earlier. The company's financial performance for the July-September period showed significant growth in profit and sales figures.

According to Yonhap News Agency, the company's regulatory filing revealed that the operating profit rose by 72.6 percent year-on-year to 89.6 billion won. Sales also saw an increase of 41.7 percent, reaching 1.04 trillion won.

Despite these gains, the earnings fell short of market expectations. Analysts had projected an average net profit estimate of 66.6 billion won, based on a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.