South Korea“s Hankuk Electric Glass said on 20 April that its first quarter net profit rose to won 44.5 billion (US$ 34.28 million) from won 32.1 billion during the same period last year.
Hankuk Ele…
South Korea“s Hankuk Electric Glass said on 20 April that its first quarter net profit rose to won 44.5 billion (US$ 34.28 million) from won 32.1 billion during the same period last year. Hankuk Electric, Korea“s leading manufacturer of electric bulbs for monitors and screens, said its first quarter sales also rose to won 156.4 billion from won 155.5 billion in the same period last year. Company spokesman Kim Young-in attributed the rise in net profit to benefits of a weak won. Hankuk Electric was a unit of the Daewoo Group until it was spun off in late 1999. Japan“s Asahi Glass holds a 50% stake in Hankuk.