Pan Ocean (KRX:028670) posted second-quarter net income attributable to shareholders of 137.5 billion won, up 12% from 122.8 billion won a year earlier, according to a Friday filing with the Korea Exchange.
The South Korean shipping and logistics company's sales rose 48% year over year to 1.914 trillion won from 1.294 trillion won.
Shares of Pan Ocean jumped over 13% in recent trade.