Business · Companies · 3 hrs ago

Poongsan's third-quarter operating profit rises 156%

Poongsan's third-quarter operating profit rises 156%

Poongsan reported a sharp rise in third-quarter operating profit, reaching 108.8 billion won.

The company is listed on South Korea's KOSPI market.

Its operating profit was up 155.6% from the same period last year.

Revenue rose 39.5% to 1.6384 trillion won, while net profit increased 92.4% to 62.7 billion won.

Operating profit beat the market forecast by 14.6%, based on an average estimate of 95 billion won.

The results are preliminary figures disclosed by the company; no further next steps were stated.

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