Hyundai Rotem reports 160% jump in Q3 net income
Published: 28 Oct. 2024, 10:02
![Hyundai Rotem's bi-level rail cars supplied to the Massachusetts Bay Transportation Authority. [HYUNDAI ROTEM]](https://koreajoongangdaily.joins.com/data/photo/2024/10/28/7f6a721c-51fe-4754-9232-c9b83b2e48fd.jpg)
Hyundai Rotem's bi-level rail cars supplied to the Massachusetts Bay Transportation Authority. [HYUNDAI ROTEM]
Hyundai Rotem on Monday reported its third-quarter net income of 103.8 billion won ($74.7 million), up 159.8 percent from a year earlier.
The company said in a regulatory filing that it posted 137.4 billion won in operating profit for the quarter, compared with 41.1 billion won a year ago. Sales rose 18 percent to 1.09 trillion won.
The operating profit was 16.8 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.
Yonhap
with the Korea JoongAng Daily
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