Oisolution Reports 210.2 Billion KRW in Sales Last Year, Up 158%

by Lee Gwanju

Published 31 Jan.2020 16:20(KST)

[Asia Economy Reporter Lee Gwan-joo] Oisolution announced on the 31st that its consolidated financial statements showed sales of 210.2 billion KRW last year, an increase of 158% compared to the previous year. Operating profit was 58.2 billion KRW, up 24,821%, and net profit was 45.9 billion KRW, up 1,676%.

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The company explained, "Sales increased due to the expansion of domestic 5G infrastructure investment," adding, "Operating profit increased due to improved profitability from high value-added new products and fixed cost reduction."

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This content was produced with the assistance of AI translation services.