SEOUL– HL Mando Co. on Thursday reported its third-quarter net income of 135.2 billion won (US$95.4 million), up 419.7 percent from a year earlier.
The company said in a regulatory filing that it posted 76.6 billion won in operating profit for the quarter, compared with 53.2 billion won a year ago. Sales rose 37.1 percent to 1.96 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 65.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency