KCC swings to red in Q2

KCC Corp. on Monday reported its second-quarter net loss of 32.8 billion won (US$24.2 million), shifting from a profit of 67.3 billion won a year earlier. Operating profit for the April-June period was 140.6 billion won, up 55.5 percent from a year ago, the company said in a regulatory filing. Revenue rose 12 percent to 1.77 trillion won. Source: Yonhap News Agency