CJ Logistics Q4 net profit up 101.7 pct to 76.6 bln won

SEOUL, CJ Logistics Corp. on Wednesday reported its fourth-quarter net profit of 76.6 billion won (US$57.7 million), up 101.7 percent from a year earlier. The company said in a regulatory filing that it posted 144 billion won in operating profit for the quarter, compared with 112.3 billion won a year ago. Sales rose 1.2 percent to 3.06 trillion won. The operating profit was 8.8 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available. Source: Yonhap News Agency