KNW Swings to Operating Profit in Third Quarter
Bitget2026/11/05 04:32- KNW posted third-quarter 2026 operating profit of KRW 1.29 billion, reversing a second-quarter loss of KRW 1.84 billion.
- Revenue reached KRW 22.72 billion, up 14.19% year over year.
- Sales also increased 23.39% from the previous quarter.
- Net loss widened 47.04% year over year to KRW 1.3 billion.
- For January-September 2026, net loss widened 141.2% to KRW 10.4 billion.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
