Seoul: SeAH Besteel Holdings Corp., the holding firm of South Korean special steel maker SeAH Besteel Corp., on Monday reported its fourth-quarter net income of 3.6 billion won (US$2.5 million), turning from a loss of 53.8 billion won a year earlier.
According to Yonhap News Agency, operating income for the October-December period was 12.8 billion won, compared with a loss of 57 billion won a year ago, the company said in a regulatory filing. Revenue rose 3.9 percent to 861.9 billion won.
The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 7.6 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.