Manho Rope & Wire: Q3 Net Profit Turns Black; Asset Revaluation and Share Buyback Implemented
9-month cumulative revenue down 2.6% YoY to ₩110.4bn, operating loss narrowed to ₩3.0bn (from ₩11.4bn); net profit of ₩2.8bn (vs loss of ₩3.8bn) thanks to financial investment gains
Land revaluation (₩215.4bn) boosted total assets to ₩454.7bn; equity to ₩357.8bn; debt ratio rose to 27% (from 12%)
Short-term borrowings surged to ₩40.2bn (from ₩0.04bn) and issued ₩9.6bn exchangeable bonds → increased financial leverage