HS Hyosulin announced in a regulatory filing on the 30th that it provisionally recorded a consolidated operating profit of 38.104 billion won for the third quarter of this year, up 158.9% from the same period last year and 6.5% from the previous quarter.

■ Q3 Revenue and Profitability

Third-quarter revenue came to 467.353 billion won, up 28.7% from 363.128 billion won in the same period last year and up 8.5% from 430.921 billion won in the previous quarter.

Profit from continuing operations before income tax expense was 33.019 billion won, up 240.6% from 9.695 billion won a year earlier and up 0.8% from 32.769 billion won in the previous quarter.

Net income for the period was 25.682 billion won, up 355.7% from 5.635 billion won in the same period last year, though down 5.3% from 27.112 billion won in the previous quarter. Net profit attributable to owners of the parent company was 25.496 billion won, up 372.6% year-on-year but down 5.1% quarter-on-quarter.

■ Cumulative Performance for Q1–Q3

Cumulative revenue for the first three quarters of this year totaled 1.265254 trillion won, up 17.4% from the same period last year. Cumulative operating profit was 86.411 billion won, up 142.0% from 3.57 billion won a year earlier.

Over the same period, cumulative profit from continuing operations before income tax expense was 74.116 billion won, up 209.5% year-on-year. Cumulative net income for the period rose 441.1% to 60.184 billion won, while net profit attributable to owners of the parent company increased 467.8% to 60.127 billion won.

■ Notes on Provisional Results

HS Hyosung stated that these results are provisional consolidated operating figures prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). The company explained that the figures may change if the settlement results of equity-method affiliates vary, such as through the reflection of equity-method gains and losses, and that some numbers could also differ during the accounting review process by external auditors. It also added that the year-on-year and cumulative figures reflect profit and loss from discontinued operations due to business transfers by subsidiaries.