HS Hyosung Reports 9.6 Billion Won Operating Profit in Q1, Up 22.4% from Previous Quarter
Established in July 2024... No Year-on-Year Comparison Available
Sales Reached 454.5 Billion Won... Net Profit Turns to Loss
HS Hyosung reported an operating profit of 9.567 billion won in the first quarter of this year, marking a 22.4% increase compared to the previous quarter.
HS Hyosung announced on May 2 that, on a consolidated basis, its provisional sales for the first quarter of this year amounted to 454.5 billion won, with an operating profit in the 9.5 billion won range. Compared to the previous quarter?when it recorded a net profit of 1.839 billion won in the fourth quarter of last year?the company posted a net loss of 39.9 billion won in the first quarter of this year, turning to a deficit.
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HS Hyosung was newly established on July 1 last year through a spin-off from Hyosung Corporation, so there are no comparable figures for the first quarter of the previous year.
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