Kenko Aerospace "H1 Sales 43.6 Billion KRW... Year-End Order Volume Expected to Surpass 100 Billion KRW"

Kenkorea Aerospace announced on the 14th that it recorded consolidated sales of 43.6 billion KRW in the first half of the year. On a quarterly basis, sales were 23.1 billion KRW, operating loss was 200 million KRW, and net profit was 400 million KRW.

Thanks to growth in the U.S. aerospace defense market, Kenkorea USA achieved strong performance. Sales in the first half increased by 27% compared to the same period last year, and the operating profit margin exceeded 20%. Recently, the volume of aircraft engine parts has increased, and orders are expanding mainly in the defense sector, leading to ongoing factory expansions.

The Korean headquarters has also started expansions of both its first and second plants, totaling 4,700 pyeong in size. This is due to the expansion of new orders in defense, commercial aircraft sectors, aviation MRO, and UAM (Urban Air Mobility) businesses. The expansion period is being minimized to meet the initial delivery schedules of the contracted projects.

In the first half of this year, Kenkorea’s orders in the defense sector alone exceeded 70 billion KRW. The company expects to surpass 100 billion KRW in new orders by the end of this year.

Kenkorea USA, California Metal, and other U.S. subsidiaries have achieved strong results and are proceeding with expansions independently without additional capital increases. California Metal completed a relocation and expansion to double its size in the first quarter, increasing its supply of special raw materials for the space sector.

A company official stated, “In addition to existing businesses, the new orders secured this year will be fully reflected in sales, enabling steep growth in scale and profit increase from next year. Based on stable subsidiary performance and improvements at the Korean headquarters, we expect to enter an overall profit zone starting in the second half of the year.”