Futurecore, a company specializing in optical filters and Hall sensors, continued its profitability thanks to increased orders in its core business segments and cost reductions.
On August 14, Futurecore announced that its consolidated operating profit for the first half of this year reached 2.5 billion KRW, a 254% surge compared to the same period last year. During the same period, sales also rose by 6% year-on-year to 30.6 billion KRW, and the net loss for the half-year was reduced by more than 21%.
Improved productivity and yield, resulting from increased sales of optical filters, drove the company's performance in the first half. In addition, lower manufacturing costs and reduced selling and administrative expenses significantly strengthened its financial soundness.
Specifically, the optical filter division recorded a 23% year-on-year increase in sales. Selling and administrative expenses were also reduced by over 14% during the same period, further supporting the strong results.
Established in 2004, Futurecore is an electronic components manufacturer focused on producing blue filters, infrared (IR) filters, and camera modules. The company has established specialized production bases in Vietnam (for optical filters) and Tianjin, China (for Hall sensors), making continuous efforts to produce high-quality products.
Accordingly, Futurecore plans to steadily increase new orders in its main business divisions. The company aims to further enhance profitability by focusing on gradual sales and profit growth, as well as process advancement.
A Futurecore representative stated, "The expansion of supply for our flagship product, optical filters, along with reductions in manufacturing costs and selling and administrative expenses, drove profitability improvements in the first half of the year," adding, "We will continue to pursue stable growth by improving production efficiency and strengthening our financial structure."
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