Hanwha System announced on the 28th that it recorded sales of 690.1 billion won and an operating profit of 58.2 billion won in the first quarter of this year.
Sales increased by 26.82% compared to the same period last year, while operating profit rose by 27.9%. However, net income decreased by 18.59% to 41 billion won.
Hanwha System noted that its K2 tank fire control system exported to Poland and the Cheongung II multifunction radar and next-generation military radio, which were exported to the United Arab Emirates (UAE) and Saudi Arabia, contributed to stable growth.