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Fadu Returns to Profit in Q1 as Sales Triple; Shares Jump 14%

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Fadu (KOSDAQ:440110) posted first-quarter net income of 10.2 billion won, rebounding from a net loss of 12.1 billion won a year earlier, according to a Monday filing with the Korea Exchange.

The South Korean chipmaker's sales revenue surged 210% year over year to 59.5 billion won from 19.2 billion won.

Shares of Fadu jumped nearly 14% in recent trade.

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