SEOUL, Oct. 31 (Yonhap) — Hyundai Wia declared a net income of 19.3 billion won (US$14.3 million) for the third quarter on Tuesday, a turnaround from the 10.6 billion won loss it reported in the same period a year earlier.
The company stated in a regulatory filing that its operating income for the July-September period had increased 22.6 percent year-on-year to 68.3 billion won, while sales had risen 0.9 percent to 2.09 trillion won.
The earnings, however, were below market expectations. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, the average forecast of net profit by analysts was 42.6 billion won. (END)