Boiler maker KD Navien said in a preliminary filing on the 12th that operating profit in the third quarter of this year came to 8 billion won, down 78% from a year earlier.
Revenue in the same period fell 5.2% to 306 billion won. Net profit decreased 11.4% to 14 billion won.
KD Navien said demand in the third quarter declined after customers in its key market, the United States, rushed to purchase products in the second quarter ahead of the imposition of a reciprocal tariff.
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