Taihan Electric Wire staff replaces old electric wires in New York City, U.S., in this file photo provided by Taihan Electric Wire, March 29. Yonhap

Taihan Electric Wire on Monday estimated its first-quarter operating profit at 28.8 billion won ($20.8 million), up 62.7 percent from a year earlier.

Revenue increased 12 percent to 788.5 billion won. The data for net income was not available.

The company will release its final earnings report later. (Yonhap)