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HANJIN GROUP NET PROFIT FALLS 38PCT IN FISCAL 2003.

AsiaPulse News

| July 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, July 1 Asia Pulse - The combined net profit of the Hanjin Group, South Korea's sixth largest conglomerate, decreased 38.16 per cent from the previous year to 266.4 billion won (US$230.45 million) in fiscal 2003.

Hanjin, which closes its books on December 31, posted an operating profit of 867.3 billion won on sales of 16.75 trillion won, according to the group's combined financial statement submitted to the Financial Supervisory Service Wednesday.

Its operating profit and sales marked year-on-year growth of 100.71 per cent and 4.09 per cent, respectively.

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Source: HighBeam Research, HANJIN GROUP NET PROFIT FALLS 38PCT IN FISCAL 2003.

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