RnT Technology Reports Operating Profit of 4.1 Billion KRW Last Year, Up 43% Year-on-Year

[Asia Economy Reporter Yoo Hyun-seok] RNT Technology announced on the 9th that it achieved an operating profit of 4.1 billion KRW last year, marking a 43% increase compared to the previous year. Sales and net profit also rose by 14% and 295%, recording 23.8 billion KRW and 3.6 billion KRW, respectively.

The company attributed the strong performance to increased sales of materials and components driven by expanded global 5G investments. In particular, sales of LTCC powder surged by 148% year-on-year, leading the strong results. The company explained that the demand for LTCC powder, used as a raw material for RF filters, is rising due to the increase in devices such as terminals and wireless routers connected to 5G base stations. Supported by China’s full-scale 5G investments, sales of MLC, a component for communication equipment, also rose by 57% compared to the previous year.

With global 5G investments expected to continue increasing this year, the company anticipates sustained improvement in performance. To respond to the rapidly growing demand for LTCC materials and diversify sales channels for 5G communication equipment components, the company is securing new customers and expanding applications.

An RNT Technology official stated, “As 5G investments continue worldwide, the demand for our materials and components is expected to steadily increase,” adding, “We also expect to achieve visible results this year in our secondary battery protection device business.”