Hyundai Livart, 3Q Operating Profit 1.2 Billion KRW... Up 145% YoY
Hyundai Livart announced on the 8th that its consolidated operating profit for the third quarter of this year increased by 144.8% compared to the same period last year, reaching 1.249 billion KRW.
During the same period, sales rose by 8.9% to 396.614 billion KRW. However, net profit turned to a loss, with a deficit of 11.6 million KRW.
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A Hyundai Livart representative explained, "Performance improved due to an increase in housing sales transactions in the second half of the year and the expansion of the total interior distribution network," adding, "The B2B (business-to-business) furniture sector, including office furniture, grew by more than 50%, leading to a recovery in profitability."
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