Zeus, Operating Profit of 49.2 Billion Won... Record High Achieved

Zeus, a specialized company in semiconductor and display manufacturing equipment and robotics, achieved its highest operating profit of 49.2 billion KRW since its establishment.

On the 13th, Zeus announced its preliminary 2024 performance through a disclosure of a change of 30% or more in sales or profit structure. The company's consolidated results for last year recorded sales of 490.8 billion KRW, operating profit of 49.2 billion KRW, and net profit of 43.1 billion KRW. Compared to the previous year, sales increased by 21.8%, operating profit grew by 588.2%, and net profit rose by 330.0%, showing significant growth in each category.

As the company's profitability improvement strategy took effect, the operating profit margin also reached about 10%. A Zeus official stated, "Profitability greatly improved as we began full-scale shipments last year of semiconductor equipment related to HBM (High Bandwidth Memory) necessary for AVP (Advanced Packaging). Considering market demand, the upward trend in profitability is expected to continue."

He added, "In addition to the existing product lineup, we will promptly complete the development of various high value-added products such as TBDB (Temporary Bonding & Debonding) and PEP (Pressurized Etch Process), which achieves high temperature and high etching performance with a small amount of chemicals through pressurization inside the chamber, and continue sustainable growth through product diversification."

The official emphasized, "The robotics division is also conducting delivery tests of models equipped with manipulators (robot arms) attached to multi-joint robots that have been developed with major clients. We expect to soon see the results of many years of robotics development projects."

Meanwhile, Zeus decided on a cash dividend of 100 KRW per share at the board meeting. If approved at the regular shareholders' meeting scheduled for the 31st of next month, dividends will be paid for the 14th consecutive year. Last year, Zeus carried out a bonus issue allocating 2 shares per 1 share and signed a treasury stock trust contract to acquire about 8 billion KRW worth of treasury stock, implementing various shareholder-friendly policies and plans to continue doing its best to enhance shareholder value.