Oseong Advanced Materials announced on the 16th that its cumulative sales for the first half of the year on a consolidated basis reached 70.755 billion KRW, operating profit was 10.712 billion KRW, and net profit was 5.38 billion KRW. The company explained that these figures represent increases of 38%, 108%, and 37% respectively compared to the same period last year, showing a growth trend every year.
Oseong Advanced Materials is focusing on supplying functional material films to domestic and international display companies. A company representative stated, “Based on stable sales in the domestic market, we are concentrating on expanding into overseas markets,” adding, “We will proceed with new product launches and product development targeting display powerhouses such as Taiwan and China.”
The company has been steadily purchasing its own shares until February to enhance shareholder value. The largest shareholder bought approximately 2.2 million shares on the market by June. Recently, positive consideration is being given to year-end dividends following requests from minority shareholders.
A company representative explained, “Orders from domestic and international customers have increased this year, resulting in excellent performance,” and added, “Although the stock price has been rising, repeatedly hitting 52-week highs recently, this movement appears to be driven by market theme issues.” He further stated, “However, considering the company’s valuation, we do not believe the current stock price is overvalued.”
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