SEOUL, Taihan Electric Wire Co. on Tuesday reported its 2023 net income of 67 billion won (US$50.2 million), up 206.9 percent from a year earlier.

Operating profit for the year was 78.4 billion won, up 62.8 percent on-year, the company said in a regulatory filing. Annual sales rose 16.1 percent to 2.84 trillion won.

Source: Yonhap News Agency