[Featured Stock] Hanssem's Stock Declines After Strong Q3 Earnings...Giving Back This Month's Gains

[Asia Economy Reporter Oh Ju-yeon] Hanssem has experienced a continued decline in its stock price since announcing its surprise earnings for the third quarter of this year. The stock price had been on the rise until the earnings disclosure on the 12th, but from the 13th, it turned downward, dropping from around 118,000 KRW earlier this month to the low 100,000 KRW range.

As of 11:06 AM on the 15th, Hanssem was trading at 104,000 KRW, down 5.88% compared to the previous trading day.

On the 12th, Hanssem announced that its consolidated operating profit for the third quarter reached 24 billion KRW, a 236.34% increase compared to the same period last year, and sales grew by 25.4% year-on-year to 514.9 billion KRW.

The stock price had risen about 10% from 108,000 KRW earlier this month, but from the day after the earnings announcement, the stock price declined, erasing all the gains.