[Special Stock] F&F Surprises with Q4 Earnings... Hits 52-Week High
[Asia Economy Reporter Park Jihwan]F&F has reached a 52-week high. This is attributed to its strong performance in the fourth quarter of last year, which significantly exceeded market expectations.
As of 10:11 AM on the 18th, F&F is trading at 146,000 KRW, up 7.35% from the previous trading day. During the day, F&F surged more than 10% at one point, hitting a 52-week high of 156,000 KRW. The previous day, F&F also closed up 11.02% at 136,000 KRW.
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The stock price strength of F&F is attributed to its results that greatly surpassed market expectations. In the fourth quarter of last year, F&F's sales rose 4.9% year-on-year to 345.7 billion KRW, and operating profit increased 2.5% to 72.1 billion KRW. The operating profit exceeded the securities industry's consensus by approximately 281.7%.
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