Seoul: Hanatour Service Co. on Wednesday reported its second-quarter net profit of 11.1 billion won (US$8 million), reflecting an 11.8 percent decrease from the previous year.
According to Yonhap News Agency, the company's operating income for the period of April to June increased by 163.2 percent year-on-year, reaching 9.7 billion won. However, the company's sales experienced a decline, falling 8.9 percent to 119.9 billion won during the same period.
Despite the rise in operating income, the overall drop in net income and sales indicates a challenging quarter for Hanatour Service Co. as it navigates the fluctuating economic landscape. The detailed financial performance was disclosed in a regulatory filing by the company.