Satrec Initiative posts 32.5% drop in Q2 operating profit

Satrec Initiative said Wednesday its second-quarter consolidated operating profit fell 32.5% from a year earlier to 1.37 billion won ($932,000).

Revenue for the same period rose 15% to 51.14 billion won, according to preliminary figures.

The company swung to a net loss of 215 million won in the quarter.