DB HiTek Reports Record High Operating Profit of 768.7 Billion KRW Last Year

Operating Profit Up 93% YoY... Sales 1.6753 Trillion KRW
Operating Margin 46%
"Power Semiconductor Technology Proves Effective"

[Asia Economy Reporter Han Yeju] DB HiTek recorded an operating profit of 768.7 billion KRW last year, achieving its highest-ever performance.

Exterior view of DB HiTek Bucheon Campus.
Photo by DB HiTek

On the 14th, DB HiTek announced that its provisional figures for last year showed sales of 1.6753 trillion KRW and an operating profit of 768.7 billion KRW. Compared to the previous year, these represent increases of 38% and 93%, respectively, with an operating profit margin of 46%. This is 13 percentage points higher than the 33% recorded the previous year.

In particular, despite the global economic downturn, the company minimized the impact of the semiconductor market slowdown by recording sales of 397.1 billion KRW and an operating profit of 153.6 billion KRW in the fourth quarter of last year.

A DB HiTek representative explained, "Securing competitive technology and cost competitiveness in the power semiconductor sector was crucial, and the expansion of high value-added products in automotive and industrial sectors drove the strong performance."

Meanwhile, on the same day, DB HiTek announced a dividend payout totaling 56.5 billion KRW. This amount corresponds to about 10% of last year's net profit of 563.8 billion KRW and is interpreted as part of a shareholder return policy following the strong performance. The dividend per share is 1,300 KRW for common stock.