Hanwha Solutions announced on the 29th that it recorded a consolidated operating profit of 90.501 billion won in the third quarter of this year, turning to profit from the same period last year. The figures are provisional.

■ Q3 Performance Third-quarter revenue came to 3.948609 trillion won, up 17.37% from the same period last year. However, compared to the previous quarter, revenue fell 13.84% and operating profit dropped 70.48%. In the third quarter of last year, the company posted an operating loss of 7.418 billion won.

Profit from continuing operations before income tax expense was 23.410 billion won, swinging from a loss of 39.790 billion won a year earlier, but down 90.93% from the previous quarter. Net income was 68.532 billion won, up 1,415.55% year on year but down 76.60% quarter on quarter. Net income attributable to owners of the parent company was 57.324 billion won, turning from a loss of 12.057 billion won in the same period last year, though down 79.78% from the previous quarter.

■ Cumulative Performance for Q1–Q3 Cumulative revenue was 12.413216 trillion won, up 29.63% from the same period last year, while cumulative operating profit rose 291.83% to 489.645 billion won. Cumulative profit from continuing operations before income tax expense of 239.188 billion won and cumulative net income of 323.205 billion won also both turned to profit year on year. Cumulative net income attributable to owners of the parent company likewise returned to profit at 291.960 billion won.

■ Note on Provisional Results These results are provisional figures based on consolidated financial statements prepared under the Korean International Financial Reporting Standards (K-IFRS). Results for the current period, the prior period, and the same period last year reflect profit and loss from discontinued operations due to the business suspension of a subsidiary. The company stated that the figures are subject to change during the review process, as they are preliminary data prior to review by the external auditor.