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Hanwha Ocean Q1 net income up 131.8 pct to 500 bln won

The company said in a regulatory filing that it posted 441.1 billion won in operating profit for the quarter, compared with 258.6 billion won a year ago. Sales also rose 2.1 percent to 3.2...

Hanwha Ocean Q1 net income up 131.8 pct to 500 bln won

Hanwha Ocean-Q1 earnings

Hanwha Ocean Q1 net income up 131.8 pct to 500 bln won

SEOUL, April 27 (Yonhap) -- Hanwha Ocean on Monday reported a first-quarter net income of 500 billion won (US$339.9 million), a surge of 131.8 percent from a year earlier.

The company said in a regulatory filing that it posted 441.1 billion won in operating profit for the quarter, compared with 258.6 billion won a year ago. Sales also rose 2.1 percent to 3.2 trillion won.

The operating profit was 17.0 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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