Hyundai Glovis Reports Operating Profit of 662.2 Billion KRW Last Year, Down 24.5% YoY

[Asia Economy Reporter Song Seung-yoon] Hyundai Glovis announced on the 28th that its consolidated operating profit for last year was tentatively estimated at 662.2 billion KRW, a 24.5% decrease compared to the previous year.

Sales amounted to 16.5199 trillion KRW, down 9.6% from the previous year. Net profit increased by 20.7% to 606.1 billion KRW.

Operating profit for the fourth quarter was 175.2 billion KRW, down 23.3% year-on-year. During the same period, sales and net profit were recorded at 4.8791 trillion KRW and 168.3 billion KRW, respectively.