Comprehensive paper company Hansol Paper said on the 14th that first-quarter operating profit was 11.2 billion won, down 44.7% from a year earlier. Revenue for the same period fell 2.7% to 559.8 billion won.
The company said higher logistics costs due to rising oil prices and increased costs pressured profitability. However, a favorable exchange rate and strong sales in the U.S. market helped partially defend results, showing improvement from the previous quarter.
A Hansol Paper official said, "As uncertainty in the global market persists, we plan to closely monitor market conditions going forward and respond flexibly."
※ This article has been translated by AI. Share your feedback here.