Hanwha Ocean shifts to black in Q4

SEOUL, Hanwha Ocean Co. on Wednesday reported its fourth-quarter net profit of 286 billion won (US$214.1 million), turning from a loss of 430.3 billion won a year earlier. The company said in a regulatory filing that it continued to post an operating loss of 48.8 billion won for the October-December period, compared with a loss of 416.1 billion won a year earlier. Sales rose 53.9 percent to 2.23 trillion won. Source: Yonhap News Agency