Hyungji Elite Q3 Revenue 129.5B, Operating Profit 8.8B – Strong Improvement Led by Sports Segment
Consolidated revenue 1,294.8B KRW (+8.7% YoY), operating profit 8.81B KRW (vs. 0.25B KRW in prior year period, significant turnaround), net income 7.98B KRW (vs. net loss 1.83B KRW)
Sports merchandise business revenue 44.14B KRW (+122% YoY), becoming the largest segment with 34.7% share
Total borrowings increased to 50.62B KRW (from 45.80B at year-end), cash and equivalents plummeted to 1.65B KRW (from 20.07B)
Rights offering increased capital stock to 30.70B KRW, total equity 117.99B KRW (from 89.31B)
Credit rating maintained at B+ (NICE, KIS); high-interest private placement bonds (coupon 5.3%~7.0%, effective 11.9%~14.1%) and ABL loans outstanding