Seoul: HS Hyosung Advanced on Monday reported its first-quarter net profit of 6.7 billion won (US$4.6 million), marking a decline of 33.1 percent from the previous year.

According to Yonhap News Agency, the company revealed in a regulatory filing that its operating profit for the quarter amounted to 34.4 billion won, which is a decrease from the 49.1 billion won recorded a year earlier. Additionally, the company's revenue experienced a decline of 2.9 percent, totaling 829 billion won for the quarter.