Hyosung Advanced Materials Reports Operating Profit of 315.1 Billion KRW Last Year, Down 27.95% Year-on-Year

[Asia Economy Reporter Han Jinju] Hyosung Advanced Materials announced on the 1st that its consolidated operating profit for last year was tentatively estimated at 315.1 billion KRW, a 27.95% decrease compared to the previous year.

Sales increased by 6.77% year-on-year to 3.8414 trillion KRW, while net profit decreased by 51.45% to 160.2 billion KRW.

Operating profit for the fourth quarter of last year was 49.8 billion KRW, down 48.27% from the same period last year. During the same period, sales were 837.9 billion KRW, and net profit was 5.6 billion KRW.