Hyosung TNC Q2 net profit up 161.4 pct to 51.8 bln won

Hyosung TNC Corp. on Friday reported its second-quarter net income of 51.8 billion won (US$37.3 million), up 161.4 percent from a year earlier. Operating income for the April-June period was 84.6 billion won, up 31.2 percent from a year ago, the company said in a regulatory filing. Sales rose 2.8 percent to 1.98 trillion won. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 50.9 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency