Doosan Bobcat Inc. on Wednesday reported its second-quarter net income of 157.9 billion won (US$114.1 million), down 48.7 percent from a year earlier.

The company said in a regulatory filing that it posted 239.5 billion won in operating profit for the quarter, compared with 466.5 billion won a year ago. Revenue fell 16.3 percent to 2.23 trillion won.

Source: Yonhap News Agency