Hanwha Aerospace swings to Q3 net loss due to delayed weapons deliveries

Korea Times News ·
Business Corporate South Korea
South Korea

Korean defense firm Hanwha Aerospace said Thursday it swung to a net loss in the third quarter, weighed down by delayed weapons deliveries and one-off costs. The company posted a net loss of 36.7 billion won ($27.5 million) for the July-September period, reversing a profit of 699 billion won a year earlier, according to a regulatory filing. Operating profit fell 46.2 percent on-year to 452…

Read original article on Korea Times News →

Related news