[Public Notice+] Dentium Reports Operating Profit of 47.9 Billion KRW Last Year, Up 14.2% YoY

[Asia Economy Reporter Eunmo Koo] Dentium, a specialized implant company, announced its preliminary performance for last year along with this year's guidance through a public disclosure.

Dentium reported consolidated sales of 252.2 billion KRW and operating profit of 47.9 billion KRW for last year on the 28th. These figures represent increases of 35.3% and 14.2%, respectively, compared to the previous year.

A Dentium representative stated, "Overseas sales growth was remarkable, enabling us to achieve improved results compared to 2018," and added, "The continuous growth of the implant market due to rising income levels in emerging countries and increased sales volume in China contributed to the overall sales increase, so we expect steep performance growth going forward."

Along with the performance announcement, Dentium presented a sales forecast of 320.1 billion KRW for this year. The company said, "Starting this year, the full-scale operation of manufacturing plants in China and Vietnam is expected to expand sales volume and reduce manufacturing costs," and added, "We anticipate a gradual improvement in operating profit margin from last year's low point and plan to strive to achieve the 2020 sales forecast." Dentium plans to expand its sales capabilities and increase market share not only in China, India, and Russia but also in Southeast Asian markets such as Vietnam and Malaysia this year.

A Dentium representative added, "We make efforts to keep our promises through annual guidance announcements and have been proving Dentium's sustainable growth potential and value with improved performance," and further stated, "We are strengthening not only our performance but also our fundamentals and are working to enhance shareholder value."