Grand Korea Leisure net income jumps 76.2% in H1 2018

Lady Luck smiled at South Korean casino operator Grand Korea Leisure Ltd. in the second quarter of 2018 as the company’s net income jumped 76.2 percent.

In a disclosure to the Korea Exchange, GKL reported a net income of KRW27.2 billion ($24.2 million) in the three months ending June 30, 2018, higher than the KRW15.42 billion ($13.76 million) bottomline it registered in the same period last year.

GKL’s revenue for April to June 2018 period rose 5.9 percent to KRW116.1 billion ($103.63 million) from KRW109.7 billion ($97.9 million) in Q2 2017. However, GKL’s Q2 revenue was 4.7 percent lower than the KRW121.93 billion ($108.85 million) it registered in the first three months of 2018.

The South Korean firm’s operating income almost doubled to KRW34.7 billion ($30.97 million) year-on-year, according to GKL’s financial statement.