On the 13th, Kyungdong Navien announced that it recorded 425.32 billion won in sales and 63.81 billion won in operating profit in the first quarter of this year. It increased by 16.5% and 61.7%, respectively, compared to the same period last year.
Thanks to continued growth in North America and other overseas markets, sales, operating profit, and net profit all performed well year-on-year, an official at Kyungdong Navien said. "The effects of exchange rates and cost-cutting efforts to resolve uncertainty also positively contributed to the improvement of performance."
