Hyosung Corp. Posts Q3 Net Profit of 15.5 Billion Won, Reversing Prior Year’s Loss

Seoul, South Korea-Hyosung Corp. revealed on Friday that it generated a net profit of 15.5 billion won (approximately US$11.4 million) in the third quarter, marking a notable turnaround from a loss of 41 billion won in the same period a year ago.

According to a new release by Yonhap News Agency, Hyosung Corp. also reported an operating profit of 44.3 billion won for the July-September period, compared to an operating loss of 51.2 billion won a year ago. However, sales during the quarter experienced a decline, dropping 7.3% to 805.1 billion won.

scroll to top