Huons Reports 12.8 Billion Won Operating Profit in Q1, Up 20.1% Year-on-Year

Huons announced in a regulatory filing on May 2 that its consolidated operating profit for the first quarter of this year was provisionally tallied at 12.8 billion won, a 20.1% increase compared to the same period last year. Net profit rose by 26.4% to 12.4 billion won.

Sales amounted to 145.8 billion won, marking a 1.3% decrease over the same period.

Huons stated that its operating margin in the first quarter improved to 8.8% on a consolidated basis and 9.8% on a standalone basis, attributing the improvement in profitability to better performance by its subsidiaries and company-wide cost management.