Korea Gas moves to profit in Q4 on lower LNG costs

摘要

Seoul-State-run Korea Gas Corporation, the world's single largest LNG importer, swung to a net profit of Won 99.4 billion ($86 million) in the fourth quarter of 2009 compared with a net loss of Won 52.7 billion in Q4 2008, Kogas said February 5.Kogas posted a profit despite a 31% year-on-year drop in sales revenue because of lower LNG import costs, a company official said.