Hanwha Aerospace Co. on Tuesday reported its second-quarter net profit of 159.9 billion won (US$115.5 million), down 46.6 percent from a year earlier. The company said in a regulatory filing that operating profit for the April-June period rose 356.5 percent on-year to 358.8 billion won. Revenue increased 46 percent to 2.78 trillion won. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 118.6 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency