Seoul: Poongsan Corp. on Thursday reported its third-quarter net profit of 47.6 billion won (US$34.5 million), marking an impressive 132.1 percent increase from the previous year. The company attributed this significant growth to increased operational efficiencies and robust market performance. According to Yonhap News Agency, the regulatory filing revealed that Poongsan's operating income for the July-September period surged by 133.1 percent year-on-year, reaching 74.4 billion won. Additionally, the company's revenue saw a substantial increase of 21.3 percent, amounting to 1.12 trillion won for the quarter. The latest earnings figures have surpassed market expectations, as analysts had predicted a net profit of 44.6 billion won, based on a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency. Poongsan's performance in the third quarter indicates a strong financial position and highlights its ability to outperform market forecasts.