Hanwha Reports Operating Profit of 1.1257 Trillion KRW, Down 37.7% Year-on-Year

[Asia Economy Reporter Park So-yeon] Hanwha announced on the 25th that its consolidated operating profit for last year was tentatively estimated at 1.1257 trillion KRW, a 37.67% decrease compared to the previous year.

Sales increased by 3.43% year-on-year to 50.4124 trillion KRW. Net profit decreased by 71.09% to 231.1 billion KRW.

Operating profit for the 4th quarter was 114.8 billion KRW, turning to a profit compared to an operating loss of 13.5 billion KRW in the same period last year. Sales and net loss for this quarter were 12.7293 trillion KRW and 435.4 billion KRW, respectively.