Kangwon Land, Inc. (035250.KS) on Wednesday reported results for the fourth quarter, with profit dropping sharply from last year, as operating margin declined.
Net profit for the fourth quarter was 66.0 billion Won, down from 112.2 billion won last year.
Sales for the quarter were 365.4 billion won, up 6% from 344.6 billion won last year. Operating margin for the quarter was 8.1%, compared to 12.4% last year.
Cost of Goods Sold (COGS) for the quarter increased 8.9% to 285.0 billion Won and Selling, General and Administrative expenses (SG&A) also rose 26.6% to 50.8 billion Won.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.