Seoul: HL Mando Co. on Thursday reported its 2024 net income of 160.3 billion won (US$110.7 million), marking an increase of 3.7 percent from the previous year.

According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the year experienced a 29 percent increase year-on-year, reaching 360.3 billion won. Additionally, HL Mando's annual revenue grew by 5.4 percent, totaling 8.84 trillion won.