[Click eStock] "Korea Aerospace Industries Falls Short of Expectations Due to One-Time Factors"

Daishin Securities analyzed on the 11th that Korea Aerospace Industries' fourth-quarter earnings last year fell short of market expectations.

Korea Aerospace Industries recorded sales of 1.1 trillion KRW and an operating profit of 42.1 billion KRW in the fourth quarter of last year. This represents a decrease of 27.5% and 72.7%, respectively, compared to the same period the previous year. The market expectation for operating profit was 67 billion KRW.

Researcher Lee Taehwan of Daishin Securities explained, "Due to the Boeing strike, sales of aircraft parts decreased, leading to a relatively higher proportion of low-profitability business sales," and "a one-time provision of 19 billion KRW related to the Iraq base reconstruction project was reflected." He added, "Operating development and repair costs increased, resulting in a smaller profit than expected," and "the possibility of additional one-time costs related to Iraq is low."

He analyzed, "The Philippine FA-50 project, which was expected to sign a contract at the end of last year, has been delayed but still has a high possibility," and "we also expect achievements in regions such as the Middle East, Southeast Asia, and South America."