Sunday, February 17, 2008

[ News, Economy / Industry, February 5 2008] NHN's Q4 net jumps on search boost

NHN Corp., Korea’s largest Internet portal, said Tuesday (Feb. 5) its quarterly net profit jumped 78.4 percent, spurred by a rise in search revenue and online ads.

Analysts say NHN is likely to sustain its momentum throughout 2008, as Internet-savvy Koreans spend more time on its Web site to search or play online games, allowing the company to draw more advertisers.

NHN reported a net profit of 85.7 billion won ($90.9 million) for the fourth quarter last year, a sharp rise from 48 billion won a year earlier.

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