NHN swings to loss in Q4

NHN-Q4 earnings

NHN swings to loss in Q4

SEOUL, Feb. 10 (Yonhap) -- NHN Corp. on Friday reported its fourth-quarter net loss of 16.2 billion won (US$12.8 million), turning from a profit of 46.2 billion won a year earlier.

The company said in a regulatory filing that operating income for the October-December period fell 53.1 percent on-year to 11.7 billion won. Sales increased 2.8 percent to 561.4 billion won.

The operating profit was 15.4 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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