Hyundai Glovis Co. on Thursday reported its fourth-quarter net income of 249.8 billion won (US$186.9 million), down 30.5 percent from a year earlier. The company said in a regulatory filing that it posted 350.7 billion won in operating profit for the quarter, compared with 445.7 billion won a year ago. Revenue fell 4.3 percent to 6.51 trillion won. The earnings failed to meet market expectations. The average estimate of net profit by analysts stood at 291 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. (END) Source: Yonhap News Agency
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