Kangwon Land Q4 net income up 746.1 pct to 78 bln won

SEOUL, Kangwon Land Inc. on Wednesday reported its fourth-quarter net profit of 78 billion won (US$58.7 million), up 746.1 percent from a year earlier.The company said in a regulatory filing that it posted 42.1 billion won in operating profit for the quarter, compared with 18.4 billion won a year ago. Revenue fell 2.8 percent to 325.3 billion won.Source: Yonhap News Agency