By Kim Han-joo SEOUL, July 22 (Yonhap) — South Korea’s top internet portal operator Naver Corp. said Thursday its net profit jumped nearly six times in the second quarter from a year earlier largely due to a stellar performance of its fintech and commerce businesses amid the new coronavirus pandemic. Net profit reached 540.6 billion won (US$468.5 million) in the April-June period, compared with a profit of 90.7 billion won a year earlier, the company said in a press release. Operating income reached a quarterly high of 335.6 billion won during the cited period, marking an increase of 8.9 percent from the year before. Sales totaled 1.66 trillion won, representing a 30.4 percent increase from a year earlier, Naver said.
Content sales advanced 28.2 percent on-year during the cited period to 144.8 billion won due to the increased revenues from its webtoons and an increase in global users, it said.