DB HiTek Q1 Operating Profit 41.1 Billion KRW... Down 50.4% YoY

"Expanding High-Value Products and Achieving Innovative Cost Reduction"

DB HiTek announced on the 2nd that its consolidated operating profit for the first quarter was tentatively estimated at 41.1 billion KRW (operating margin of 16%), a 50.44% decrease compared to the same period last year. Sales amounted to 261.5 billion KRW, down 12% year-on-year.

DB HiTek Bucheon Campus view. [Photo by DB HiTek]

A DB HiTek representative stated, "Despite the recent sluggish market conditions, we are maintaining a high utilization rate in the mid-70% range, which is higher compared to other foundry (semiconductor contract manufacturing) companies."

He added, "We will strengthen our portfolio by expanding the proportion of high value-added products such as high-power semiconductors and specialized image sensors, and maximize management efficiency by innovatively reducing costs."

Meanwhile, DB HiTek announced that it will hold a first-quarter corporate briefing for domestic institutional investors over two days starting today.