[Market Focus] Hwashin Precision Engineering Surges on 778% Jump in Operating Profit

Hwashin Precision Engineering is showing strong performance. This appears to be influenced by news that its operating profit increased by 778% compared to the previous year.

As of 12:55 p.m. on February 2, Hwashin Precision Engineering is trading at 1,567 won, up 16.42% from the previous day.

On this day, Hwashin Precision Engineering announced that, on a standalone basis, its provisional sales and operating profit for the previous year were 378.9 billion won and 11.8 billion won, respectively, representing increases of 17.6% and 778.6% compared to the previous year.

The company explained, "Increases in sales and cost reduction efforts led to higher operating profit and net income."

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