Woojin Achieves Record High Operating Profit of 11.8 Billion KRW Last Year

[Asia Economy Reporter Jang Hyowon] Advanced measurement specialist company Woojin achieved its highest-ever performance last year.

On the 10th, Woojin announced that based on internal settlement standards, its consolidated sales reached 124.1 billion KRW and operating profit was 11.8 billion KRW last year, marking increases of 15.2% and 40.9% respectively compared to the same period the previous year. Both sales and operating profit are the highest since the company's founding. Net profit turned positive at 11.5 billion KRW.

Woojin is a precision measurement instrument specialist company used in various industries such as nuclear power generation, steel, and semiconductors. It produces in-core nuclear instrumentation (ICI) for nuclear power plants, automation equipment for the steel sector, CMS, and temperature sensors.

Last year's external growth was driven by the supply of measurement instruments for Saeul Units 3 and 4 and temperature sensors for semiconductors. In addition, its subsidiary Woojin Entech achieved high performance by successfully winning a new maintenance service contract for Shinhanul Unit 1 power plant.

A company official stated, "This year, the supply of measurement instruments and sensors to Saeul Units 3 and 4 is expected to continue," adding, "The government has decided to expedite the groundbreaking for the newly planned Shinhanul Units 3 and 4, accelerating progress, so supply to new nuclear power plants is expected to continue in the future."

Meanwhile, Woojin decided on a cash dividend of 150 KRW per share on the 10th. The total dividend amount is 2.97 billion KRW, with a market dividend yield of 1.77%.