EVE Advanced Materials Reports Improved Operating Profit and Sales in First Half of the Year

EV Advanced Materials (CEO Choi Dong-rak) announced on the 14th that its consolidated sales for the first half of this year reached 42 billion KRW, and operating profit was 4.4 billion KRW, representing increases of 24% and 54,875% respectively compared to the same period last year.

On a separate basis, sales amounted to 36.7 billion KRW and operating profit to 1.7 billion KRW, marking increases of 15.8% and 489% respectively compared to the same period last year.

A representative of EV Advanced Materials stated, “The FPCB for electric vehicle batteries, which had deteriorated, has partially recovered, leading to increased sales and order backlogs, and mobile-related performance temporarily improved. We will continue to strengthen our leading role in the global market and strive to provide our customers with the best products and services.”

Additionally, the performance of EV Advanced Materials’ transparent display business, ‘Actvision,’ has significantly improved, and at the Korea Nara Marketplace Expo 2024, they showcased more differentiated products such as transparent display automatic doors.