Hanssem Reports Third-Quarter Profit Despite Revenue Decline

Hanssem Co. on Monday announced a net income of 3.8 billion won (US$2.8 million) for the third quarter, marking a significant improvement from a loss of 54 million won in the same period last year. According to Yonhap News Agency, the company's operating profit for the July-September period was 1.6 billion won, which represents a 76.5 percent decrease from the previous year. Additionally, Hanssem reported that its revenue dropped by 19 percent, totaling 357.6 billion won. The results reflect the challenges the home appliance and furniture company faced during the quarter, despite achieving a positive net income.