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Kakao Q3 operating profit up 15.5% on stable growth of platform biz
- Korean internet tech giant Kakao Corp. said Thursday its operating profit rose 15.5 percent from a year earlier, boosted by the stable growth of its flagship platform business.
- On a consolidated basis, the company reported an operating profit of 240.3 billion won ($179.2 million) in the July-September period, according to its regulatory filing.
- Sales remained unchanged at 2.08 trillion won, while net income was down 7.9 percent to 177.7 billion won.
- The company's flagship platform business saw sales grow 17 percent on-year to 1.24 trillion won.
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