[Asia Economy Reporter Lee Seon-ae] TKG Huchems' stock price is on the rise.
As of 9:50 AM on the 17th, TKG Huchems' stock price is trading at 23,900 KRW, up 3.91%. It rose to as high as 24,550 KRW early in the session.
The stock price increase is attributed to foreign investors' buying momentum supported by solid earnings. In particular, foreign investors have recorded net purchases for four consecutive trading days including today. The net purchase amount over the past month reaches 7 billion KRW.
TKG Huchems announced that its consolidated operating profit for the first quarter of this year was 35,428.03 million KRW, a 25.3% increase compared to the previous year. Sales increased by 66.9% to 294,293 million KRW, and net income attributable to controlling interests rose 16.9% to 26,833.66 million KRW. On a separate basis, first-quarter sales this year were 294,293 million KRW, up 66.9% year-on-year. Operating profit was 35,441 million KRW, up 25.3% year-on-year. Net profit was 27,413.95 million KRW, up 19.6% year-on-year.
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