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Piolink Q3 sales rise 28% as Japan, HCI business growth accelerates

Piolink said on Tuesday its third-quarter consolidated revenue rose 28% from a year earlier to 18.8 billion won, while operating profit increased to 2.6 billion won. Net profit climbed 89% to 1.6 billion won. Operating profit for the first nine months totaled 1.0 billion won, returning to the black, and revenue rose 15% to 47.4 billion won. The company highlighted stronger growth in Japan and in its HCI business.