Kangwon Land, Inc. (035250.KS) on Wednesday reported lower profit for the fiscal year ended Dec. 31, 2025, despite increase in sales.
Net income from continuing operation before income tax fell 31.1% year on year to 389.269 billion won, compared with 565.346 billion won a year earlier.
Operating profit declined 17.7% to 235.176 billion won from 285.790 billion won in the previous fiscal year.
Net income dropped 30.7% to 316.516 billion won from 456.893 billion won a year earlier.
Sales, however, increased 3.5% to 1,476.726 billion won from 1,426.863 billion won in the prior year.
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