NuriPlex Improves Performance with Increased Overseas AMI Sales

Energy Internet of Things (IoT) specialist Nuriplex announced on the 14th that its performance is improving due to increased overseas sales of its Advanced Metering Infrastructure (AMI). On a separate basis, it achieved sales of 49.9 billion KRW, operating profit of 4.7 billion KRW, and net profit of 3.9 billion KRW in the third quarter.

On a consolidated basis, cumulative sales up to the third quarter reached 106.8 billion KRW, a 6% increase compared to the same period last year. The sales growth trend is being maintained. On a separate basis, cumulative sales for the third quarter were 72.9 billion KRW, a 15% increase compared to the same period last year. As the AMI business performance in overseas markets becomes visible, it is positively contributing to the increase in sales.

Nuriplex analyzed that with the growth of the overseas AMI business in the third quarter, sales and profitability improved, significantly reducing the cumulative half-year deficit and laying the foundation for improved performance in the second half of the year.

Nuriplex is expanding its business not only in domestic and international AMI but also in the renewable energy and greentech sectors. It is contributing to eco-friendly energy efficiency through energy management solutions utilizing AI targeted at renewable energy. Various greentech projects aimed at sustainable growth are being carried out both domestically and internationally. Based on new energy businesses, the company plans to create synergy in the AI-based energy IoT and greentech fields.