Seoul: Doosan Bobcat Inc. on Monday reported its first-quarter net income of 113.4 billion won (US$78.4 million), marking a decline of 47.7 percent from the same period the previous year.
According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the January-March period experienced a 38.7 percent reduction on-year, amounting to 200 billion won. Additionally, sales saw a decrease of 12.4 percent, totaling 2.09 trillion won.