[Edaily Reporter Kim Kyung-eun ] #HSHYOSUNG is trading higher in early trading on the 31st, buoyed by strong second-quarter earnings.
According to MP Doctor, as of 9:21 a.m. today, HSHYOSUNG is trading at 52,100 won, up 11,950 won (29.76%) from the previous trading day.
This is interpreted as a result of the second-quarter earnings announced the previous day stimulating investor sentiment. On a consolidated basis, HSHYOSUNG recorded second-quarter revenue of 430.9 billion won and operating profit of 35.8 billion won. Compared to the same period last year, revenue increased by 24.9% and operating profit by 301.7%, while net income rose 360.6% to 27.1 billion won.
The improvement in earnings was driven by its core subsidiary, HS HYOSUNG ADVANCED MATERIALS. HS HYOSUNG ADVANCED MATERIALS posted second-quarter revenue of 952.7 billion won and operating profit of 77.6 billion won. Compared to the same period last year, revenue rose 13.0% and operating profit increased 32.2%. Compared to the previous quarter, operating profit surged 125.6%.
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