[Featured Stock] Hwaseung Enterprise Hits New High on Surprise Q4 Earnings Last Year

[Asia Economy Reporter Eunmo Koo] Hwasung Enterprise is showing strong performance, reaching a record high. This is interpreted as being influenced by the strong results in the fourth quarter of last year.

As of 10:54 AM on the 19th, Hwasung Enterprise was trading at 17,750 KRW, up 5.34% (900 KRW) compared to the previous trading day. During the session, it rose to 18,050 KRW, setting a new 52-week high.

Hwasung Enterprise announced through a disclosure that its consolidated sales for the fourth quarter of last year increased by 57% year-on-year to 373.4 billion KRW, and operating profit rose by 129% to 33.9 billion KRW.