Kangwon Land reports 47% Q1 net profit decline in South Korea

Kangwon Land reported a year-on-year fall of almost 47% in net profit for the first quarter of 2026, according to the company’s preliminary results as reported in the source. Revenue rose 3.4% to 378.9 billion won, while operating profit fell 7.2% to 68.9 billion won. Casino revenue increased 4.5% to 360 billion won, but non-casino revenue declined 2% to 48.6 billion won.