Hwaseung Enterprise Swings to Operating Loss in Q1 2026, Debt Ratio Exceeds 200%

Consolidated Q1 2026 revenue: KRW 350.9B (down 17.1% YoY from KRW 423.4B)
Operating loss: KRW 4.8B (vs profit of KRW 13.4B in prior year)
Net loss attributable to parent: KRW 10.1B (vs net profit of KRW 0.25B)
Debt ratio: 200.35% (up from 180.38% at year-end 2025)
Net debt: KRW 580.5B (up from KRW 501.8B)
Interest coverage ratio turned negative due to operating loss
Dividend: FY2025 paid KRW 50 per share (FY2024: KRW 45), no quarterly dividend

ADVERTISEMENT (250px+)