Hansol Holdings, Operating Profit Up 48% Last Year... Net Income Down 67%

[Asia Economy Reporter Ji Yeon-jin] Hansol Holdings announced on the 14th that its consolidated sales for last year reached 413.6 billion KRW, a 15.1% increase compared to the same period of the previous year.

During this period, operating profit increased by 18.4 billion KRW, or 47.8%, compared to the previous year, while net profit for the period decreased by 67.6% to 23.5 billion KRW.

The company stated, "Operating profit increased due to higher sales from subsidiaries," and added, "Net profit decreased due to a decline in the performance of affiliates and the comparative effect of discontinued business disposals in the previous period."

Hansol Holdings announced a cash dividend of 120 KRW per common share. The dividend yield is 3.4%.

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