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Hanwha Chemical posts record quarterly net profit

Nov 11,2017
Hanwha Chemical’s third-quarter earnings soared 25 percent from a year earlier on widened margins and gains from equity ties with affiliates, the company revealed Friday.

Net profit reached a record 252 billion won ($226 million) between July and September, compared with a profit of 202 billion won a year earlier, the company said in a regulatory filing.

Operating profit also advanced 5.18 percent year on year to 215 billion won, while sales edged down 3.04 percent to 2.3 trillion won.

In the first nine months of the year, Hanwha Chemical’s net profit totaled 1.03 trillion won.