"TEPACs Improves Profitability with Increased Sales of Electronic Materials"

[Asia Economy Reporter Hyungsoo Park] Hana Financial Investment analyzed on the 9th that Taepax has a high possibility of performance improvement this year.

Kim Kyungmin, a researcher at Hana Financial Investment, explained, "Taepax recorded sales of 33.3 billion KRW, operating profit of 4.6 billion KRW, and net profit of 4.5 billion KRW in the first quarter of this year," adding, "which is an increase of 23%, 84%, and 114% respectively compared to the same period last year."

He continued, "Although the first quarter is a seasonal off-season, the performance showed steady growth compared to the same period last year," and added, "Profitability is also improving as sales of electronic materials increase."

He emphasized, "The operating profit margin reached 13.9% in the first quarter," and "the operating profit margin improved compared to 9.3% in the same period last year."

Researcher Kim analyzed, "The proportion of sales of high value-added electronic material products has increased," and "sales of tapes for secondary batteries and mobile OCA (Optical Clear Adhesive) films in the electronic materials sector

starting to contribute to sales is also a positive factor for profitability improvement."

The proportion of Taepax's electronic materials product sales increased from 48.0% in the first quarter of last year to 52.5% in the first quarter of this year.