[Public Notice+] Jeongsan Aegang, 71.4 Billion KRW Sales Last Year... 10% Increase YoY

[Asia Economy Reporter Eunmo Koo] Jeongsan Aegang announced on the 5th through a public disclosure that its sales revenue last year reached 71.4 billion KRW, a 10% increase compared to the previous year. During the same period, net profit increased by 53% to 11.5 billion KRW.

The company analyzed that the improvement in performance was due to maintaining quality superiority while expanding CPVC pipe production facilities. A company representative stated, “Jeongsan Aegang expanded its CPVC production facilities by 1,300 tons earlier this year, adequately responding to the rapidly increased CPVC sales,” and added, “With quality-centered management ahead of competitors, the company was the first in the industry in 2018 to obtain quality product approval from the Korea Fire Industry Technology Institute, which was a key factor in sales growth by certifying quality superiority to consumers.”

Jeongsan Aegang plans to focus on securing new growth engines based on stable financial capacity. A company representative said, “Through an organizational restructuring this year, we established a new business promotion organization at the executive level and are currently reviewing businesses with high future growth potential,” and added, “Major shareholders and management are also demanding that all company assets and capabilities be concentrated to secure growth engines.”