Operating profit plunged 41.4 percent from a year earlier to 800.3 billion won (651.1 million U.S. dollars) in the first quarter, but it beat market expectations of about 530 billion won (431.2 million U.S. dollars).
Net income tumbled 41.1 percent to 649.1 billion won (528.1 million U.S. dollars) in quarter, but revenue increased 6.3 percent to 7.2 trillion won (5.9 billion U.S. dollars).
The better-than-forecast earnings was ascribed to the COVID-19 outbreak that strengthened demand for IT products amid the increased online activities.
A favorable currency environment also contributed to the earnings improvement as the won/dollar exchange rate advanced in the first quarter amid growing market volatility.
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