Seoul:CS Wind Corp. reported a third-quarter net income of 48 billion won (US$35.3 million), marking a 17.2 percent decrease from the same period last year.
According to Yonhap News Agency, the company's operating profit for the July-September period increased by 22.8 percent from the previous year, reaching 80.7 billion won. CS Wind, known for manufacturing wind power towers and offshore wind structures, also saw its sales rise by 13.5 percent to 677.5 billion won.
The company's operating profit exceeded the average estimate by 7.4 percent, based on a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency. However, the estimate for net profit was not available.