In the second quarter of this year, Hansol Paper's consolidated operating profit increased by 281.2% compared to the same period last year. This is due to a base effect from last year's temporary large expenses reflected in the Environmental Division, which resulted in lower operating profit.
On the 30th, Hansol Paper announced that its consolidated operating profit for the second quarter of this year was 19.3 billion won, representing a 281.2% increase compared to the same period last year. During the same period, sales rose 0.4% to 565 billion won. The net profit for the current period was 8.4 billion won, marking a return to profit.
However, compared to the previous quarter, operating profit decreased by 4.9%, and sales fell by 1.8%.
A representative from Hansol Paper said, "Ahead of the tariff increase, preemptive demand from U.S. customers led to the sale of inventories, realizing about 10 billion won in profit, and the base effect from last year's bad debt handling in the Environmental Division was also reflected, improving performance compared to the same period last year."
Experts expect the outlook for the third quarter to be bright. Park Jong-sun, a researcher at Eugene Securities, noted, "The base effect from last year's low performance is expected to continue in the third quarter, leading to a return to profit," and added, "While sales are expected to be at last year's level, operating profit is likely to improve to 15 billion won." Hansol Paper recorded an operating loss of 4.3 billion won in the third quarter of last year.