[Click e-Stock] "Isu Petasys Posts Third-Quarter Results Surpassing Market Expectations"

On November 17, Kiwoom Securities analyzed that Isu Petasys's third-quarter results this year exceeded market expectations.

In the third quarter, Isu Petasys posted sales of 296.1 billion won and operating profit of 58.4 billion won. This represents an increase of 43% and 126%, respectively, compared to the same period last year.

Kim Sowon, a researcher at Kiwoom Securities, explained, "Operating profit exceeded the market expectation of 49 billion won," adding, "Despite production capacity constraints due to a shortage of multi-layer board (MLB) supply, the company continued both quantitative and qualitative growth by expanding the supply of high value-added products."

She continued, "The shipment of new products for G company's artificial intelligence (AI) accelerators drove growth," and added, "These products, which were developed with the client company from the early stages, are high-specification products that have had a positive impact on improving profitability."

It is estimated that Isu Petasys will achieve sales of 312.8 billion won and operating profit of 61.1 billion won in the fourth quarter of this year. This would represent an increase of 38% and 140%, respectively, compared to the same period last year.

Kim also expressed optimism, saying, "In the fourth quarter, the supply of products for G company's AI accelerators will continue to expand, further improving the product mix."