HS Hyosung Advanced Materials' operating profit up 32% in Q2... Tire reinforcement materials drive performance

HS HyoSung Advanced Materials posted stronger Q2 results, with sales up 13.0% to KRW 952.7 billion and operating profit up 32.2% to KRW 77.6 billion.

Performance improved across core businesses, including tire reinforcement materials, industrial yarn/interior, carbon fiber, and aramid.

Spandex sales rose after price increases, while the film business continued to post losses.

The broad recovery in key materials businesses could support earnings momentum in the second half.