Jusung Engineering recorded a sharp improvement in its consolidated third-quarter results.

According to the preliminary consolidated operating results announced by Jusung Engineering on the 4th, the company's operating profit for the third quarter of this year was provisionally tallied at 17.667 billion won. This represents a 426.4% increase compared to the operating profit of 3.356 billion won posted in the same period last year.

Revenue came to 78.076 billion won, up 32.8% year-on-year and up 30.4% compared to the previous quarter (Q2 of this year). Operating profit surged 1,141.5% from the previous quarter.

Profit from continuing operations before income tax expense stood at 15.689 billion won, up 235.0% quarter-on-quarter and up 71.0% year-on-year. Net income for the period was 28.048 billion won, up 409.9% from the previous quarter and up 267.4% year-on-year. Net profit attributable to owners of the parent company was also 28.048 billion won, showing the same rate of change as net income.

■ Cumulative Results Still Declining

However, cumulative results through the third quarter of this year declined compared to the same period last year. Cumulative revenue for the first to third quarters totaled 192.837 billion won, down 25.4%, while cumulative operating profit fell 72.5% to 12.059 billion won. Cumulative profit from continuing operations before income tax expense decreased 59.0% to 18.982 billion won, and both cumulative net income and net profit attributable to owners of the parent company fell 19.9% to 32.359 billion won each.

By business segment, cumulative third-quarter revenue was tallied at 189.425 billion won for the semiconductor division and 3.412 billion won for the solar and display division.

■ "Subject to Change Depending on External Audit Review"

The company explained that these results are preliminary consolidated operating figures prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). It also stated that the figures are estimates prepared before the completion of the external auditor's review, and that the results may change depending on the outcome of that review.