SEOUL, Hanwha Ocean Co. on Wednesday reported its 2023 net income of 160 billion won (US$119.8 million), shifting from a loss of 1.74 trillion won a year earlier.

The company said in a regulatory filing that it continued to post an operating loss of 196.5 billion won for the year, compared with a loss of 1.61 trillion won a year earlier. Revenue rose 52.4 percent to 7.4 trillion won.

Source: Yonhap News Agency