[Featured Stock] Enchem, Successfully Turned Profitable, Up 14%

Enchem is rising more than 14% in early trading.

As of 9:36 AM on the 16th, Enchem is trading at 211,000 KRW, up 14.05% (26,000 KRW) from the previous trading day.

Strong second-quarter earnings acted as a positive factor for the stock price. Enchem recorded consolidated sales of 108.3 billion KRW in the second quarter of this year, a 39% increase compared to the previous year. Operating profit for the second quarter was 600 million KRW, turning to a profit after two quarters. The increase in product supply volume to new North American customers such as Tesla and Panasonic was the reason for the strong performance.