Hanwha Systems Q3 Profits Soar 1495.2 Percent to 41.2 Billion Won

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SEOUL, Oct. 30 (Yonhap) — Hanwha Systems Co. reported on Monday that its third-quarter net income skyrocketed 1495.2 percent to 41.2 billion won (US$30.4 million) year-over-year.

The company stated in a regulatory filing that its operating profit for the quarter was 37.3 billion won, a huge jump from 541 million won in the same period of the prior year. Revenue also grew 35.1 percent to 620.8 billion won.
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