Hyeseong Provision Reports Operating Profit of 900 Million KRW Last Year, Down 91% Year-on-Year

[Asia Economy Reporter Hyunseok Yoo] Daesang Holdings announced on the 24th through a public disclosure that its subsidiary Hyesung Provision recorded sales of 237.3 billion KRW last year, an 18.3% increase compared to the previous year, while operating profit decreased by 91.3% to 900 million KRW. Daesang Holdings incorporated Hyesung Provision as a subsidiary through a share acquisition on November 30th last year.