Woojin, 2Q Operating Profit 3.6 Billion Won... "Will Maintain Positive Earnings Trend"

[Asia Economy Reporter Hyunseok Yoo] Woojin announced on the 17th that its consolidated operating profit for the second quarter recorded 3.6 billion KRW, turning to a profit compared to the same period last year. Sales increased by 29.6% to 28.7 billion KRW, and net profit also turned to a profit at 6.2 billion KRW.

On a separate basis, sales reached 14.6 billion KRW, an increase of 117.3% compared to the same period last year. Operating profit and net profit turned to profits at 2 billion KRW and 4.7 billion KRW, respectively.

Woojin is a specialized company in measuring instruments used in various industries such as nuclear power plants, steel, and semiconductors. It supplies in-core nuclear instrumentation (ICI) for nuclear power plants, automation equipment for the steel sector, CMS, and temperature sensors.

In particular, in the second quarter, the temperature sensor division expanded the supply of thermocouples (T/C) for steel and semiconductor applications, improving sales and profitability. According to Woojin, sales of thermocouples for semiconductors in the second quarter increased by 44.4% compared to the first quarter.

A company official stated, “Despite the seasonal off-season in the first quarter, we turned to a profit on a separate basis, and in the second quarter, we further increased the profit margin. Due to the favorable conditions in the steel and semiconductor industries, we have already exceeded the annual order plan for these sectors, and since the year-end is the peak season due to the nature of the order-based industry, the profit trend is expected to continue.”