Ostem Implant Surpasses Annual Sales of 1 Trillion KRW... Operating Profit Up 7%

Osstem Implant Magok Central Research Center and Headquarters
Photo by Osstem Implant

[Asia Economy Reporter Lee Chun-hee] Osstem Implant continued its sales growth by surpassing 1 trillion KRW in annual sales for the first time last year, achieving sales of 1.049 trillion KRW. Operating profit also increased by 7% compared to the previous year.

Osstem Implant announced its preliminary consolidated financial results on the 31st. Last year's sales amounted to 1,048.954 billion KRW, a 27.2% increase from 824.566 billion KRW the previous year. Operating profit was 224.634 billion KRW, a remarkable 56.7% increase compared to the previous year.

In the fourth quarter of last year, sales reached 269.847 billion KRW, up 13.2% year-on-year, and operating profit grew 25.8% to 60.525 billion KRW.