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NHN Returns to Profit in Q1; Shares Decline 4%

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NHN (KRX:181710) posted first-quarter net income of 23.6 billion won, returning from a net loss of 3.75 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.

The South Korean IT company's sales rose 12% to 671.4 billion won from 600.1 billion won.

Shares of NHN fell nearly 4% in recent trade.

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