Seoul: GS Holdings on Thursday reported its third-quarter net profit of 38.7 billion won (US$27.7 million), marking a significant decrease of 94.5 percent compared to the same period last year. The decline in net income has raised concerns about the company's financial health and its ability to meet market expectations.According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the July-September period fell by 49 percent on-year, amounting to 627.7 billion won. Additionally, the company's revenue saw a slight decrease of 1.1 percent, settling at 6.39 trillion won. These figures underline the challenging economic environment and operational hurdles faced by GS Holdings during the quarter.The reported earnings were significantly below market expectations. Analysts had estimated an average net profit of 262.9 billion won, based on a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency. This discrepancy highlights the unexpected nat ure of the financial downturn for GS Holdings in the third quarter.
- October 13, 2026
