Kangwon Land turns to loss in Q3

Yonhap News Agency · English news desk · 2026-11-06 06:49 UTC

SEOUL, Nov. 6 (Yonhap) -- Kangwon Land Inc. on Friday reported its third-quarter...

SEOUL, Nov. 6 (Yonhap) -- Kangwon Land Inc. on Friday reported its third-quarter net loss of 3.6 billion won (US$2.7 million), shifting from a profit of 113.1 billion won a year earlier.

The public casino operator and resort said in a regulatory filing that its operating profit for the July-September period reached 59.7 billion won, down 17.9 percent from a year ago. Sales also fell 3.8 percent to 369.5 billion won.

The operating profit was 3.3 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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