Huvis Corporation provided preliminary earnings guidance for the second quarter and third quarter of 2013. The company expects preliminary sales to reach KRW 317.2 billion, with operating profit of KRW 16 billion, and current net income of KRW 10.9 billion in second quarter of 2013. The sales are somewhat decreased compared to last quarter's KRW 322.7 billion, but the operating profit has shown a significant improvement of 110.1% compared to first quarter of 2013 when it hit a low point due to the slump of the overall chemical fiber business. The current net income also increased to 131.0%, getting back on track to the normal level. The sales in second quarter of 2013 somewhat decreased due to the reduced output with the overhaul of some production lines, but the profitability is recovering since hitting a low point in January, which is clearly indicated by the improvement in operating profit. The second quarter 2013 earnings increased mostly due to the improvement of profitability with the expansion of high value-added products such as LMF and OLM as well as the improvement of spreads caused by the stabilized raw material prices.

The operating profit in third quarter of 2013 is expected to exceed that of second quarter of 2013 without a hitch in the process of achieving the business plan for 2013.