Hanssem Reports Q2 Operating Profit of 2.3 Billion Won, Down 68% Year-on-Year

"Impact of Prolonged Construction Slump"

Hanssem announced on August 11 that its consolidated sales for the second quarter reached 459.4 billion won, with an operating profit of 2.3 billion won.

These figures represent declines of 3.9% and 68.2%, respectively, compared to the same period last year.

Hanssem Headquarters. Hanssem

Net profit for the period was 32.2 billion won, up 137.5% year-on-year.

The company's weak performance was attributed to the prolonged downturn in the construction industry, which has led to an overall contraction in the interior and furniture market.

Hanssem stated, "Despite the challenging market environment caused by the prolonged slump in the construction sector and weakened consumer sentiment, we continued to invest in strengthening our fundamental competitiveness and laid the groundwork for mid- to long-term growth. In the second half of the year, we will maintain our investment strategy to expand our market share in the home interior industry and uphold efficient management practices to ensure solid growth."

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