Huons Global Q3 Sales Up 5%, Operating Profit Down 55%
"Results Reflecting the Cost of Production Facility Expansion"
Huons Global's consolidated operating profit for the third quarter was 14.4 billion KRW, a 55% decrease compared to the same period last year. Sales increased by 5% to 199.4 billion KRW. Net profit fell by 61% to 9.1 billion KRW.
On the 15th, Huons Global stated that this operating profit result was due to changes in the sales composition by product and the reflection of costs related to the expansion of production facilities.
The company explained that sales showed an increasing trend as the domestic prescription drug business segment grew.
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Huons Global said, "We will continue to increase sales growth by fully ramping up the operation rate of Huons Plant 2," adding, "We plan to strengthen our fundamentals through profitability improvement."
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