HCT Reports Operating Profit of 8 Billion Won, Up 24% YoY... "Record High Performance"

HCT, a leading company in the testing certification and calibration industry, achieved its highest-ever sales revenue.

On the 14th, HCT announced through a public disclosure that its consolidated sales revenue for 2023 reached 74.1 billion KRW, with an operating profit of 8 billion KRW. These figures represent increases of 10% and 24%, respectively, compared to the same period last year.

A company representative explained, "The recovery of the information and communication sector, our core business, has led to an increase in smartphone testing certification orders. At the same time, the mobility electronics sector and battery testing certification business have shown remarkable progress, driving this strong performance. In particular, as the electric vehicle industry, a major front-end market, grows rapidly and the automotive electronics field diversifies, we expect further expansion in our mobility and battery segment sales."

Additionally, HCT plans to enhance its performance and competitiveness through increased sales from its U.S. and Indonesian subsidiaries, strengthening its defense and nuclear power sectors, recovery in the semiconductor market, and growth in calibration business orders. The company is currently building new facilities to strengthen its testing certification business in the defense and nuclear power sectors, aiming to complete construction as early as the first quarter of this year and begin full-scale operations starting with projects already secured.

HCT CEO Heo Bongjae emphasized, "The businesses we have strategically invested in over recent years, including defense, nuclear power, and overseas subsidiaries, have been showing gradual results since last year. Following the record-high sales achieved in 2023, we expect this year to be another year of significant growth for the company."