Hanwha Ocean Q3 net income down 46.1% to $109.6 mil.
The shipbuilding arm’s profit missed analyst estimates, even as operating income rose 67.6% on-year to 485.7 billion won, a regulatory filing showed.
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Hanwha Ocean Q3 net income down 46.1% to $109.6 mil.
Hanwha Ocean on Tuesday reported a third-quarter net income of 145.1 billion won ($109.6 million), down 46.1 percent from a year earlier. The shipbuilding arm of Korea's Hanwha Group, said in a regulatory filing that operating income for the July-September period rose 67.6 percent on-year to 485.7 billion won. Revenue increased 12.9 percent to 3.41 trillion won. The earnings fell behind market expectations. The average estimate of net profit by …
Hanwha Ocean strengthened its profitability in the third quarter of this year compared to the same period last year, driven by robust orders for merchant vessels. However, performance deteriorated compared to the previous quarter due to a decrease in operating days and the impact of a falling exchange rate. On the 27th, Hanwha Ocean disclosed that its revenue and operating profit for the third quarter of this year totaled 3.4139 trillion won, a …
(Seoul = Yonhap News) Reporter Jang Ha-na = Despite a decrease in working days and the impact of exchange rates in the third quarter, Hanwha Ocean showed solid performance based on high-priced shipbuilding volumes centered on liquefied natural gas (LNG) carriers...
[Digital Daily Reporter Kim Yoo-jin] Hanwha Ocean recorded strong performance in the third quarter of this year, driven by expanded revenue recognition for high-value-added vessels and improved profitability in its energy plant business. Hanwha Ocean announced on the 27th that it recorded revenue of 3.4139 trillion won and an operating profit of 485.7 billion won in the third quarter of 2026. These figures represent increases of 12.9% and 67.6%…
Hanwha Ocean achieved solid performance in the third quarter of this year as profitability improved, driven by high vessel prices. The company expects profit growth to continue until the end of the year through increased orders at high prices and the accelerated completion of projects in the special vessel division. On the 27th, Hanwha Ocean announced that its consolidated operating profit for the third quarter of this year was 485.7 billion won…
ST Pharm reported a consolidated operating profit of 15.7 billion won for the third quarter of this year, up 6% from the same period last year.
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