Hyosung TNC shifts to red in Q4

Hyosung TNC-Q4 earnings

Hyosung TNC shifts to red in Q4

SEOUL, Jan. 31 (Yonhap) -- Hyosung TNC Corp. on Tuesday reported its fourth-quarter net loss of 7.4 billion won (US$6 million), shifting from a profit of 217.6 billion won a year earlier.

The company said in a regulatory filing that it posted an operating loss of 43.2 billion won for the October-December period, compared with a profit of 355.9 billion won a year ago. Sales fell 26 percent to 1.81 trillion won.

The operating loss was 39.8 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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