Cheil Worldwide Inc. (030000.KS), a South Korean marketing and advertising agency network under Samsung Group, reported Friday slightly lower profit in its first quarter with weak sales.
In the first quarter, net income attributable to shareholders of parent company edged down 0.3 percent to 28.254 billion Korean won from last year's 28.327 billion won. Sequentially, net income fell 55.6 percent.
Operating income was 36.510 billion won, down 37.6 percent from 58.492 billion won a year ago.
Sales dropped 2.1 percent to 1.018 trillion won from prior year's 1.039 trillion won. Sequentially, sales fell 15.2 percent.
In South Korea, the shares were trading at 19,750.00 won, down 0.75 percent.
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