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Naver profit falls on Line expansion costs, revenues up 15%

Tuesday 30 April 2019 | 14:36 CET | News
Korean internet company Naver reported first-quarter net profit down 43 percent to KRW 87.6 billion, hurt by increased taxes and costs from expansion at its affiliate Line into new services. Revenues rose 15.4 percent to KRW 1.51 trillion, while operating profit was down 19.7 percent to KRW 206 billion. 

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Categories: Internet
Companies: Naver
Countries: Korea, Republic of
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