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Shinsung E&G posts 3.1 billion won Q2 operating profit, returns to black

Shinsung E&G said on Thursday it posted a second-quarter consolidated operating profit of 3.1 billion won on revenue of 201.8 billion won, returning to profit from an operating loss a quarter earlier. Revenue rose 44.2 percent from a year earlier. Operating profit fell 8.8 percent from a year earlier, and the net loss narrowed to 2.2 billion won. First-half operating profit was 800 million won on revenue of 355.4 billion won.