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LG Uplus Q2 Net Income Slightly Up; Sales Down

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LG Uplus (KRX:032640) posted a marginal 0.1% year-over-year increase in net income attributable to shareholders of the parent company to 219.7 billion won for the second quarter from 219.5 billion won.

Sales declined 3.9% to 3.695 trillion won for the three months ended June 30 from 3.844 trillion won a year earlier, according to a Korea Exchange filing on Thursday.

For the first half, LG Uplus recorded a net income of 396.7 billion won, up 3% from 385.2 billion won a year ago.

Cumulative sales edged up 1.2% to 7.499 trillion won from 7.593 trillion won a year earlier.

Shares of the company gained over 2% in morning trade Thursday.

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