[Asia Economy Reporter Hyunseok Yoo] P&ESolution announced on the 12th that its consolidated operating profit for the first quarter reached 4.9 billion KRW, a 1474% increase compared to the same period last year. During the same period, sales increased by 152.88% to 35.5 billion KRW, and net profit also rose by 745.16% to 4.8 billion KRW.
A representative from P&ESolution explained that despite the global economic slowdown caused by the COVID-19 pandemic, steady sales and orders contributed to the strong performance. The company official stated, "After setting a record high for annual performance last year, the first quarter results also surpassed previous records for the same period. Considering that the first quarter has historically been the weakest quarter annually, this year’s first quarter results are very encouraging."
Meanwhile, P&ESolution is currently constructing an additional factory in Pyeongtaek, aiming for completion in June. The company representative emphasized, "Once the new Pyeongtaek factory is completed, P&ESolution’s production capacity will more than double compared to the existing level."
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