[Asia Economy Reporter Hyungsoo Park] LTC announced on the 9th that it recorded an operating profit of 4.51326 billion KRW on a consolidated basis last year, an increase of 22% compared to the previous year. During the same period, sales increased by 3% to 94.8 billion KRW, while a net loss of 4.33042 billion KRW was recorded.
An official explained, "Although both sales and operating profit increased last year, temporary non-cash losses such as foreign exchange losses due to the won appreciation in the second half and valuation losses of subsidiaries occurred."
He added, "In the second half, we were selected as the 27th business restructuring company by the Ministry of Trade, Industry and Energy and will participate in the government support program for five years. This year, it is expected that the decrease in display-related sales will be minimized due to Samsung Display's QD-OLED transition and the extension of LCD production."
Furthermore, he emphasized, "We are expecting new sales of small and medium-sized OLED panel materials and entry into new markets related to solid oxide fuel cells (SOFC). We anticipate a full-scale business transformation."
He also said, "We expect an increase in semiconductor material sales of subsidiaries and an expansion of the semiconductor equipment portfolio."
LTC has generated operating cash flow exceeding 10 billion KRW for two consecutive years and maintains a high retention rate. Since its initial public offering, it has maintained a consistent dividend policy to enhance shareholder value.
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