Korea Aerospace Industries (047810.KO) — News & Stock Impact

Korea Aerospace Industries

Korea Aerospace Industries, Ltd. manufactures and sells fixed-wing and rotary-wing aircraft and airframe products in South Korea. Its products include supersonic jets, trainer aircraft, helicopters for utility, police, maritime police, coast guard, forest, and fire-fighting use, unmanned air vehicles, commercial and civil aircraft, and aero structures. The company also provides aircraft maintenance, repair, and overhaul services, aircraft training systems, satellites, and space launch vehicles. Founded in 1999, it is headquartered in Sacheon-si, South Korea.

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Korea Aerospace Q2 net income falls to KRW 35.9 billion

Korea Aerospace Industries reported a decline in second-quarter net income to KRW 35.9 billion from KRW 56.4 billion a year earlier. Operating income fell to KRW 48.4 billion from KRW 85.2 billion, while sales rose to KRW 1.1679 trillion from KRW 828.3 billion. Shares dropped 18.39% to KRW 116,700 on the Korean Stock Exchange.

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047810.KO · Capital · Negative Net income and operating income fell year-over-year, causing a sharp share price decline.

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