Hanwha Chemical Q2 net dips 20% on one-time factor

By Catherine Chung

Published : Aug. 10, 2017 - 13:55

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Hanwha Chemical Corp., a major chemicals firm, said Thursday that its second-quarter earnings sank almost 20 percent from a year earlier, due to a one-off factor.

Net profit reached a record 249 billion won ($218 million) in the April-June period, compared with a profit of 310 billion won a year earlier, the company said in a regulatory filing.

Hanwha Chemical Corp.`s plant in Yeosu, South Korea. (Yonhap)

Operating income also dipped 25 percent on-year to reach 219 billion won, while sales edged up 3.9 percent to 2.49 trillion won over the cited period, it said.

The firm's second-quarter figures are higher than market consensus. Brokerage firms put Hanwha Chemical's operating income and sales at 191 billion won and 2.27 trillion won for the second quarter. (Yonhap)

Hanwha Chemical Q2 net dips 20% on one-time factor

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