Hanssem's third quarter operating profit decreased by 76.5%... “Slowing profitability due to business reorganization” (comprehensive)

(Seoul = Yonhap News) Reporter Lee Sang-seo = Hanssem [009240], a KOSPI-listed company, announced on the 9th that its consolidated operating profit in the third quarter of this year was provisionally calculated to be 1.6 billion won, a 76.5% decrease from the same period last year.

Sales amounted to 357.6 billion won, a 19% decrease compared to the same period last year. Net profit turned into a surplus at 3.8 billion won.

Hanssem reported that its sales and profitability slowed due to a combination of internal and external variables, such as an unfavorable macro environment and one-time costs due to business restructuring, but it maintained a solid sales base based on the competitiveness of its core products and continued to maintain a surplus for 14 consecutive quarters.

In particular, it was emphasized that the cumulative operating profit until the third quarter of this year was 23 billion won, an increase of about 48% compared to the same period last year, proving a stable profit structure despite various external variables.

In the third quarter, Hanssem was affected by unfavorable external factors such as a decrease in housing sales due to high interest rates and lending regulations, and the burden of raw material prices from the Middle East.

In addition, it was explained that a significant portion of business-to-consumer (B2C) sales were carried over to the fourth quarter due to the holiday break at the end of September, and internal variables such as reflection of one-time costs incurred due to the merger of subsidiary Hanssem Nexus were also involved.

A Hanssem official said, "In the fourth quarter, we will continue to improve our performance based on a stable profit structure, including absorbing consumer demand carried over from the third quarter through the large-scale promotion 'Sam Festa.'"