Kangwon Land net income up 12.8 percent in 15Q3

South Korea’s Kangwon Land Inc reported net income of KRW119.0 billion ($103.1 million) for the third quarter of 2015, up 12.8 percent year-on-year.

The company, which operates the only casino open to locals, said its sales revenue went up by 5 percent during the period to KRW413.5 billion and up 6.3 percent quarter-on-quarter, while operating income increased 18.9 percent to KRW157.9 billion.

The number of foreign visitors in 15Q3 fell 23.3 percent YoY to 8,192 though was up slightly from the previous quarter.

 

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