Seoul: Hanmi Science Co. on Thursday reported its fourth-quarter net profit of 31.1 billion won (US$21.3 million), shifting from a loss of 12 billion won a year earlier. The company said in a regulatory filing that operating income for the October-December period rose 197.4 percent on-year to 37.6 billion won. Revenue increased 3.7 percent to 343.9 billion won.

According to Yonhap News Agency, the financial turnaround highlights the improved performance of Hanmi Science in the final quarter of the fiscal year. The substantial increase in operating income and revenue reflects the company's effective strategies and market conditions. Hanmi Science's recent results demonstrate its ability to rebound from previous financial setbacks, marking a significant achievement for the firm.