Hanwha Ocean beats Q1 forecasts on LNG-led profits

Hanwha Ocean posted a first-quarter earnings surprise, driven by a high-margin shipbuilding portfolio centered on liquefied natural gas carriers, as demand for alternative fuels strengthened amid Middle East-driven energy volatility. According to the company’s earnings call Monday, operating profit for the January-March period rose 70.6 percent on-year to 441.1 billion won ($300 million), while revenue edged up 2.1 percent to 3.21 trillion won. The results exceeded market expectations of 3.29 tr

By The Korea Herald