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Hanwha Aerospace Q3 net income down 34.9 pct. to 56 bln won

All News 15:22 November 11, 2020

SEOUL, Nov. 11 (Yonhap) -- Hanwha Aerospace Co. on Wednesday reported its third-quarter net income of 56 billion won (US$50.5 million), down 34.9 percent from a year earlier.

Operating profit for the July-September period was 94.3 billion won, up 65.1 percent from a year ago, the company said in a regulatory filing. Revenue rose 4.9 percent to 1.37 trillion won.

The operating profit was 38.6 percent higher than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.
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