LIG Nex1 swings to black in Q4

SEOUL, LIG Nex1 Co. on Wednesday reported its fourth-quarter net income of 49.8 billion won (US$37.5 million), shifting from a loss of 38.5 billion won a year earlier.The company said in a regulatory filing that it posted 36.9 billion won in operating profit for the quarter, compared with 23.1 billion won a year ago. Revenue rose 11.9 percent to 680 billion won.Source: Yonhap News Agency