Hanwha Ocean reports that its third-quarter net profit falls 46.1% year-on-year to 145.1 billion won ($109.6 million), even as operating profit rises. The company says operating profit increases 67.6% to 485.7 billion won, while sales grow 12.9% to 3.41 trillion won, supported by higher deliveries of high value-added commercial vessels and stronger revenue from naval shipbuilding.
Across coverage, outlets link the results to business mix and revenue performance, including commercial ship revenue and a separate contribution from naval and specialized vessels such as submarines and surface vessels. Korea Times notes the company’s order position, citing commitments including LNG carriers, container ships, and VLCCs. One outlet also emphasizes that the reported net profit trails market expectations, referencing an analyst average estimate for net profit.
