Breaking News: Turned Profitable in First Half... Full-Scale Production of Small New Hybrid Optical Films, 'Surprise Performance' Expected in Second Half

Sales of New Products Such as Graphene Barriers and Silver Nanowires Expected to Be Fully Reflected

[Asia Economy Reporter Hyungsoo Park] Sangbo announced on the 13th that it recorded a cumulative consolidated sales of 26.5 billion KRW, operating profit of 1.2 billion KRW, and net profit of 3.8 billion KRW in the first half of this year. During the same period, on a separate basis, it achieved sales of 26.7 billion KRW, operating profit of 1.1 billion KRW, and net profit of 900 million KRW. Sangbo explained that it is significant in that it turned a profit compared to the previous year.

As competition intensified in the market for large display optical films for TVs and monitors, Sangbo developed new small hybrid optical films for mobile and tablet devices. After passing strict product evaluations by major domestic and international corporate clients, it has been mass-producing and supplying small hybrid optical films for mobile and tablet devices since the first half of this year.

Amid the global spread of COVID-19, sales of window films increased by more than 10% compared to the same period last year, improving profitability.

A company official stated, "Regarding small hybrid optical films for mobile and tablet devices, in addition to the mass-produced products reflected in the performance as of June this year, products that passed additional customer certifications after June have also started mass production," and added, "We expect even more remarkable performance in the second half of this year."

He continued, "New products developed through research and development, such as graphene barriers and silver nanowires, are also expected to drive external growth in the second half of this year and next year."

In December of last year, Sangbo signed a share transfer agreement for its consolidated subsidiary, China Sangbo Sinjaeryo Co., Ltd. According to accounting standards, the sales performance of the Chinese corporation was excluded from the consolidated financial results.