Hanwha Aerospace Posts Q3 Net Loss of KRW 137.1 Billion, Shares Fall 3.43%

Hanwha Aerospace Co., Ltd. (012450.KS) reported a third-quarter net loss attributable to shareholders of KRW 137.1 billion, reversing a net income of KRW 462.7 billion a year earlier, the South Korean aerospace and defense company said Thursday. Shares closed down 3.43% at KRW 760,000 on the Korean Stock Exchange. Operating income fell to KRW 452 billion from KRW 839.6 billion in the prior-year period, while sales declined to KRW 6.09 trillion from KRW 6.48 trillion. The company did not disclose reasons for the decline in the article.