Hansol Paper Turns Q4 Operating Profit of 13.9 Billion Won... "Base Effect from Bad Debt Write-off in Environmental Business"

Sales Reach 562.1 Billion Won, Up 1.1%

Hansol Paper announced on January 23 that it turned a profit in the fourth quarter of last year, recording an operating profit of 13.9 billion won. The company explained that the recovery in operating profit, which had temporarily plummeted, was due to the resolution of bad debt issues related to the logistics warehouse in its environmental business division.

Sales reached 562.1 billion won, up 1.1% from the same period last year (556.1 billion won). During the same period, net profit for the quarter turned positive, amounting to 2.6 billion won.

Although year-end demand, typically considered the peak season, declined, Hansol Paper’s performance improved as outstanding receivables from the logistics center construction project-where the company’s environmental business division participated as a contractor in 2024-were resolved.

A Hansol Paper representative stated, “In the fourth quarter of last year, year-end peak season demand decreased somewhat due to uncertainties across the global paper market, such as U.S. tariffs. However, our performance improved year-on-year thanks to the base effect from the write-off of bad debts in the environmental business division. This year, with major events such as the U.S. midterm elections and local elections in Korea scheduled, we expect these factors to have a certain positive impact on the paper demand environment.”