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Hanwha Systems posts Q2 operating profit of 103.7 billion won, up 219 percent

Hanwha Systems posted second-quarter revenue of 1.12 trillion won and operating profit of 103.7 billion won, up 45 percent and 219 percent from a year earlier, on a consolidated preliminary basis. Net profit rose 14 percent to 52.7 billion won. Defense drove growth on large overseas export projects, while domestic mass-production programs and ICT system-build projects supported results. First-half revenue rose 32 percent and operating profit 109 percent, but net income swung to a loss.