Korea Aerospace Industries, Ltd. (047810.KS), a South Korean manufacturer of fixed and rotary wing aircrafts, and airframe products, Tuesday reported higher operating income on higher revenue for the third quarter compared to the same period last year.
Quarterly operating income increased 31.9 percent to KRW 79.4 billion from KRW 60.2 billion last year.
However, net income decreased 47.5 percent to KRW 20.4 billion from KRW 38.8 billion previous year.
Revenue jumped 51.6 percent to KRW 1.06 trillion from KRW 702.1 billion prior year.
Currently, shares are trading at KRW 97,300, down 1.82% on the Korean Stock Exchange.
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