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    A035420   KR7035420009

NAVER CORPORATION

(A035420)
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Naver's Second-Quarter Net Profit Surged Nearly Six-Fold

07/21/2021 | 05:12pm EDT

By Kwanwoo Jun

Naver Corp.'s second-quarter net profit surged nearly six-fold from a year earlier, driven by solid growth in nearly all of its online business platforms including e-commerce.

Net profit for the quarter ended June 30 was 540.60 billion Korean won ($470.3 million) compared with net profit of KRW90.70 billion in the same quarter a year earlier, the South Korean internet group said Thursday. That beat a FactSet-compiled consensus forecast for net profit of KRW316.44 billion.

Revenue during the quarter rose 30% on year to KRW1.664 trillion, while operating profit gained 8.9% on year to KRW335.60 billion.

Naver said the above-consensus quarterly results were led by strong growth in its business platforms of online shopping, fintech services, advertisement based on web searches and paid content.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

07-21-21 1912ET

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Financials
Sales 2021 6 771 B 5,93 B 5,93 B
Net income 2021 16 714 B 14,6 B 14,6 B
Net cash 2021 2 291 B 2,01 B 2,01 B
P/E ratio 2021 4,12x
Yield 2021 0,10%
Capitalization 64 222 B 55 823 M 56 258 M
EV / Sales 2021 9,15x
EV / Sales 2022 7,14x
Nbr of Employees 15 148
Free-Float 90,3%
Chart NAVER CORPORATION
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Technical analysis trends NAVER CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 33
Last Close Price 428 000,00 KRW
Average target price 533 393,94 KRW
Spread / Average Target 24,6%
EPS Revisions
Managers and Directors
Seong-Sook Han Chief Executive Officer & Director
Sang-Jin Park Chief Financial Officer
In-Hyuk Choi Chief Operating Officer & Director
Yeon-Ah Jeong Head-Legal Affairs & Compliance Support
Hae-Jin Lee Global Investment Officer
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