[Announcement+] Genexine Achieves Profitability Turnaround After 4 Years

[Asia Economy Reporter Kum Boryeong] Genersum has returned to profitability after four years.

Genersum announced on the 5th that it recorded an operating profit of 3.059 billion KRW and a net profit of 3.277 billion KRW last year, successfully turning a profit. During the same period, sales increased by 30.6% year-on-year to 37 billion KRW.

Genersum, a semiconductor back-end equipment specialist, posted losses from 2016 to 2018 after going public in 2015. However, despite this situation, it conducted research and development to secure new growth engines. It also improved its business structure through customer diversification.

A Genersum representative explained, "With customer diversification including global leading semiconductor companies such as SK Hynix, RF360, and Huawei, and continued new orders, equipment sales such as Pick&Place, electromagnetic interference shielding (EMI Shield), Sawing Singulation, and Laser cutting have been fully realized, leading to a significant improvement in performance."

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