[Public Notice+] RF Tech's Operating Profit Last Year 14 Billion KRW... 143% Increase YoY

[Asia Economy Reporter Hyunseok Yoo] RF Tech announced on the 11th through a public disclosure that its consolidated sales last year increased by 18.5% year-on-year to 284.8 billion KRW, and operating profit rose by 143.1% to 14 billion KRW.

This result comes as profitability improved centered on new businesses such as hyaluronic acid (HA) fillers, which were merged in August last year, while the IT division, including 5G antenna chargers, achieved external growth.

RF Tech entered the 5G base station antenna market in the first quarter of last year. In August of the same year, it successfully diversified its business into medical aesthetics by absorbing and merging with the hyaluronic acid (HA) filler manufacturer ‘Usepil’. An RF Tech official stated, “RF Tech’s sales peaked in 2013 and showed a declining trend for five consecutive years until 2018, but the contribution of new business performance allowed the 2019 results to rebound.”

The company explained that with a balanced business portfolio driving steady growth not only in existing IT businesses but also in new ventures, it expects to achieve significant results this year in both quantity and quality aspects.

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