Kolon Industries Inc. on Thursday reported its first-quarter net profit of 20.3 billion won (US$14.8 million), down 28.4 percent from a year earlier. The company said in a regulatory filing that operating profit for the January-March period fell 17.6 percent on-year to 30.6 billion won. Revenue increased 0.2 percent to 1.16 trillion won. The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 20.9 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency