Hanwha Ocean Reports Operating Loss of 196.5 Billion KRW Last Year... Reduction in Deficit Size
Sales down 52.4% to 7.4 trillion KRW... Net profit turns positive at 160 billion KRW
Hanwha Ocean announced on the 21st that it recorded an operating loss of 196.5 billion KRW on a consolidated basis last year, with the deficit narrowing compared to the previous year.
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During the same period, sales increased by 52.4% year-on-year to 7.4083 trillion KRW, and net profit turned positive to 160 billion KRW.
In the fourth quarter of last year, sales rose 53.9% year-on-year to 2.2309 trillion KRW, and operating loss was 48.8 billion KRW, reducing the deficit compared to the previous year. Net profit succeeded in turning positive to 286 billion KRW.
This content was produced with the assistance of AI translation services.
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