Hurim A-Tech "Achieves Profit for 10 Consecutive Quarters"

Hurim A-Tech, a company specializing in automotive interior and exterior materials, announced on the 14th that its cumulative sales and operating profit for the third quarter increased by 36% and 43% year-on-year, reaching 52 billion KRW and 3.1 billion KRW, respectively.

However, net profit for the same period slightly declined to 2.1 billion KRW compared to the previous year due to a decrease in the value of Hurim A-Tech's investment equity, while maintaining a positive earnings trend.

With this, Hurim A-Tech has succeeded in achieving ten consecutive quarters of profitability since being acquired by Hurim Robot up to the third quarter of this year. The company explained that this is an excellent management case of Hurim Robot, which has grown through active mergers and acquisitions (M&A).

A Hurim A-Tech official stated, “Since the change of the largest shareholder, we have continuously focused on strengthening our core business capabilities,” adding, “We will continue to evolve and grow as a company that adapts to the paradigm shifts in the automotive industry, such as electric vehicles and autonomous vehicles, to achieve outstanding performance.”

Meanwhile, EQCell, recently acquired by Hurim Robot, the largest shareholder of Hurim A-Tech, also announced in its quarterly report the day before that it succeeded in increasing sales and turning operating profit positive in the third quarter of this year.