Hanssem remains in red in Q3

Headquarters of Hanssem in Seoul / Courtesy of Hanssem

Hanssem on Friday reported its third-quarter net loss of 13.1 billion won ($9.9 million), remaining in the red compared with a year ago.

Operating profit for the July-September period was 4.9 billion, compared with a loss of 13.6 billion won a year ago, the company said in a regulatory filing. Sales rose 0.7 percent to 480.9 billion won.

The operating profit was 145.6 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. (Yonhap)