Hanwha Systems shifts to black in 2023

Hanwha Systems Co. on Friday reported its 2023 net profit of 343.1 billion won (US$258.1 million), swinging from a loss of 80.8 billion won a year earlier. Operating income for the year was 92.9 billion won, up 137.6 percent on-year, the company said in a regulatory filing. Annual revenue rose 12.1 percent to 2.45 trillion won. (END)