[Special Stock] DB HiTek Soars 6% Intraday on Record-Breaking Earnings

[Asia Economy Reporter Minji Lee] DB HiTek is showing an increase of over 6% during trading hours.

At 9:36 AM on the 12th, DB HiTek was trading at 45,300 KRW, up 6% compared to the previous trading day.

DB HiTek announced that its Q2 sales reached 435.7 billion KRW and operating profit was 213.2 billion KRW, marking increases of 59% and 162% respectively compared to the same period last year. This marks the sixth consecutive quarter of record-breaking performance.

A DB HiTek representative explained, "Despite external challenges such as supply chain instability and inflation, demand from foundry customers for power semiconductors based on differentiated technology continued to increase," adding, "The exchange rate also had a positive effect."