Seoul: Hanwha on Monday reported a fourth-quarter net income of 204.8 billion won (US$140 million), down 87.9 percent from a year earlier.
According to Yonhap News Agency, operating profit for the October-December period was 404.4 billion won, down 64.1 percent from a year ago, the company said in a regulatory filing. Sales rose 17.1 percent to 21.07 trillion won.
The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 595.1 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.