[Public Notice+] Korea Technology Reports 5.3 Billion KRW Operating Profit in Q4 Last Year

[Asia Economy Reporter Geum Bo-ryeong] Korea Technology announced on the 25th that its consolidated operating profit for the fourth quarter of last year was 5.28 billion KRW. The previous year’s figure was 1.43 billion KRW on an individual basis.

During the same period, sales amounted to 84.13 billion KRW. The previous year’s sales were 3.543 billion KRW on an individual basis.

A representative from Korea Technology stated, "The 1,400 units of Pyeongtaek New Vision Elkru sold by our subsidiary were completely sold out, and the uncontracted implementation portion was reflected in the fourth quarter results of last year, achieving a quarterly operating profit of 5.28 billion KRW. It is very positive that we achieved operating profit for the first time after acquiring Daewoo Shipbuilding & Marine Engineering Construction." He added, "Once the 5th generation (5G) IT business, which is being promoted with the goal of launching in the first half of this year, is fully underway, the expansion of sales and operating profit is expected to be even greater."

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