[HYUNDAI GLOVIS] Hyundai Glovis' operating profit decreased by 8 percent on-year to 412.6 billion won ($323.1 million) for the second quarter due to falling ocean freight rates. The figure fell below market expectations of 416.7 billion won compiled by market tracker FnGuide. Revenues fell 4.8 percent to 6.53 trillion won, below the market consensus of 6.7 trillion won. Net profit was down 4.7 percent to 290.7 billion won compared to the same period last year, falling short of analyst expectations of 300.

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