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Japan's Line Corp swings to first-half net profit on ad revenue boost

Line Corp Chief Executive Officer Takeshi Idezawa poses with his mobile phone displaying the company's logo after a news conference to mark the company's debut on the Tokyo Stock Exchange and the New York Stock Exchange, in Tokyo, Japan July 15, 2016.

Japan's Line Corp, reporting earnings for the first time since listing, on Wednesday said it swung to a profit in the first half of the year as advertising revenue soared.

The operator of Japan's dominant mobile messaging application posted net profit of 2.6 billion yen ($24.3 million) versus a net loss of 5.29 billion yen a year earlier. Revenue grew 19.8 percent to 67.3 billion yen.