Hotel Shilla posts 12 billion won net profit in Q2

Hotel Shilla Co. reported a second-quarter net profit of 12 billion won, swinging last year's loss of 67.7 billion.

The company's second-quarter operating income of 46.4 billion was a turnaround from a loss of 63.4 billion won a year ago.

Its revenue jumped 82.3 percent to 953.4 billion won.

The hotel's group's operating profit surpassed estimates by 12.2 percent.