MCNEX Reports Operating Profit of 59.3 Billion KRW Last Year, Down 47% YoY

[Asia Economy Reporter Minji Lee] MCNEX announced on the 19th that its operating profit last year was 59.3 billion KRW, down 47% compared to the previous year. Sales increased by 3.44% to 1.3113 trillion KRW. Net profit was recorded at 38.6 billion KRW, a 54% decrease.

The company stated, "Sales of sensing cameras for vehicles increased," but added, "Profit declined due to intensified competition in the camera module industry, rising raw material costs, and increased depreciation expenses from expanding production capacity."