Korea Aerospace Industries Ltd. on Thursday reported its fourth-quarter net profit of 129.4 billion won (US$97.5 million), swinging from a loss of 23.2 billion won a year earlier.

The company said in a regulatory filing that it posted 154.3 billion won in operating profit for the quarter, compared with 37.5 billion won a year ago. Revenue rose 73.8 percent to 1.51 trillion won.

The operating profit was 20.4 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

Source: Yonhap News Agency