Segiritec Reports Operating Profit of 11.3 Billion KRW Last Year, Up 96% Year-on-Year

Segiritec, a comprehensive battery subsidiary of KPS, achieved strong performance last year.

According to the audit report on the 26th, Segiritec's operating profit last year was 11.259 billion KRW, marking a 96% increase compared to 5.778 billion KRW the previous year.

Sales grew by about 10% from 86.5 billion KRW the previous year to 94.8 billion KRW, and net profit surged 176% to 8.3 billion KRW.

Segiritec signed a lead underwriting contract with KB Securities last month, aiming to enter the KOSDAQ market next year. Kiwoom Securities will serve as the joint underwriter.