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Naver 1Q Rev KRW2.280T Vs. KRW1.845T >035420.SE

By Kwanwoo Jun

Naver’s first-quarter net profit fell 71% from a year earlier, on weak online advertising sales amid an economic slowdown, missing street views.

Net profit for the quarter ended March was 43.70 billion won ($33.2 million) compared with net profit of KRW151.40 billion in the same quarter a year earlier, the South Korean internet…

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