Korea Gas remains in red in Q3

Korea Gas-Q3 earnings

Korea Gas remains in red in Q3

SEOUL, Nov. 10 (Yonhap) -- Korea Gas Corp. on Thursday reported its third-quarter net loss of 278.2 billion won (US$202.5 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it posted 143.4 billion won in operating profit for the quarter, compared with 7.8 billion won a year ago. Sales rose 99.8 percent to 10.73 trillion won.

The loss was 46.6 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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