Innocean hits record quarterly profit on overseas growth

Innocean, the advertising arm of Hyundai Motor Group, said Monday it posted its highest-ever quarterly operating profit in the first quarter, driven by an expanded client base and overseas operations. The company’s operating profit rose to a record 39.8 billion won (27.03 million) in the January-March period, beating market expectations. Revenue increased 4.1 percent on-year to 523.8 billion won in the first quarter. Gross profit rose 7.7 percent to 250.1 billion won, while net profit surged 134

By The Korea Herald