Hanwha Aerospace Co., Ltd. (012450.KS), an advanced aerospace and defense solutions provider, Monday reported increased profit in its third quarter compared to last year, reflecting growth in sales.
The quarterly net income attributable to the parent company climbed 52 percent to 486.5 billion Korean won from 318.4 billion won last year.
For the three-month period, operating income was up by 79 percent to 856.4 billion won from 477.2 billion won in the prior year.
For the reported period, net earnings grew 123.8 percent to 712.2 billion KRW from 318.3 billion KRW in the earlier year.
The company's net sales were 6.49 trillion won, up 146.5 percent from 2.63 trillion won a year ago.
Looking ahead, the board stated that domestic and export sales/OP is expected to increase for the fiscal year 2025.
As preemptive investment to secure future growth engines, Hanwha's aims for overseas investment to increase sales to 6.27 trillion won.
Further, Hanwha stated that it has proposed to implement a minimum dividend of 3,500 KRW or more per year.
For 2029-20235, the firm targets dividends exceeding the average payout from 2024-2028.
On the Korea Stock Exchange, shares closed on Monday's regular trading 6.44 percent higher at 1042 Korean won.
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