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Pan Ocean's Net Attributable Income Jumps 31% in Q1

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Pan Ocean (KRX:028670) posted first-quarter net income attributable to shareholders of 94.5 billion won, up 31% from 72.0 billion won a year earlier, according to a Monday filing with the Korea Exchange.

The South Korean shipping and logistics company's sales rose 8.3% year over year to 1.509 trillion won from 1.393 trillion won.

Shares of Pan Ocean rose nearly 2% at market close.

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