Seoul: Hyundai Glovis Co. on Thursday announced a 55.9 percent increase in its third-quarter net income, reaching 383.6 billion won (US$278.2 million) compared to the same period last year. The company's financial performance exceeded market expectations, showcasing a robust growth trajectory. According to Yonhap News Agency, Hyundai Glovis revealed in a regulatory filing that its operating income for the July-September period surged by 22.1 percent to 469.1 billion won. The company's sales also experienced substantial growth, climbing 18 percent to 7.46 trillion won. The results surpassed the average net profit estimate of 323.9 billion won predicted by analysts, as indicated by a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency. The impressive earnings highlight Hyundai Glovis's strong market position and effective business strategies during the third quarter.