Huons Global Reports 89% Increase in Operating Profit in Q4 Last Year

[Asia Economy Reporter Ji Yeon-jin] Huons Global announced on the 15th that its sales and operating profit in the fourth quarter of last year increased by 23.2% and 89.2% compared to the same period last year, recording 8.7 billion KRW and 1.5 billion KRW, respectively. Net profit for the period decreased by 23.6% to 1.3 billion KRW during this period.

Last year's sales increased by 41.3% compared to the previous year to 41.8 billion KRW, and operating profit rose by 65.1% to 15 billion KRW. Net profit also increased by 43.5% to 14.2 billion KRW.

Consolidated sales in the fourth quarter of last year were 143 billion KRW, up 15.7% year-on-year, and operating profit and net profit increased by 21.7% and 139.8% year-on-year to 24.2 billion KRW and 31.6 billion KRW, respectively.

Consolidated sales and operating profit for last year were 523 billion KRW and 89.1 billion KRW, up 16.4% and 22.3%, respectively. Net profit recorded a 53% increase to 87.7 billion KRW.