Korea Line pulls in 12% sales increase in first half

The Korea Line Corporation (www.korealiners.co.kr) announced that it garnered 338.8 billion won in sales for the first six months this year and took in an operating income of 48.5 billion won.

Korea Line released an official press release on July 23 saying that it recorded a 12% sales increase in the first half compared to 302.7 billion won in the same period of last year, and that operating income was also up by a remarkable 93% compared to 25.1 billion won a year ago.

The ordinary losses and gains dived into the red to the tune of 18.8 billion won in the wake of huge currency exchange losses amounting to 28.9 billion won, even though it succeeded in minimizing losses from 46.6 billion won in the first quarter of the year to 27.8 billion won by the end of June.

Disregarding currency exchange rates losses, Korea Line's ordinary income might go back into the black at the end of this year, while operating income is expected to hit record highs as it grows sharply.