SEOUL-- Hyosung Corp. on Tuesday reported its 2022 net profit of 24.8 billion won (US$20.1 million), down 95.4 percent from a year earlier.

Operating income for the year was 64.9 billion won, down 89.8 percent from the previous year, the company said in a regulatory filing. Annual revenue rose 5.2 percent to 3.71 trillion won.

Source: Yonhap News Agency