SEOUL-- Hyosung Advanced Materials Corp. on Wednesday reported its 2022 net profit of 160.2 billion won (US$130.1 million), down 51.4 percent from a year earlier.

The company said in a regulatory filing that it posted 315.1 billion won in operating profit for the year, compared with 437.3 billion from the previous year. Annual sales rose 6.8 percent to 3.84 trillion won.

Source: Yonhap News Agency