[Public Notice+] AFFECT, Q1 Sales 12.8 Billion KRW... 12% Increase YoY

[Asia Economy Reporter Eunmo Koo] A-FACT, a semiconductor back-end process specialist company, announced on the 15th through a public disclosure that its sales in the first quarter of this year reached 12.8 billion KRW, a 12% increase compared to the same period last year. Operating profit and net profit recorded 1.9 billion KRW and 1.3 billion KRW, respectively.

The company explained, "Since May of last year, we have been investing in testing equipment, which has improved overall production capacity and increased sales." It is also known that the volume from major clients such as SK Hynix has increased. The decrease in operating profit and net profit was attributed to increased costs due to facility investments.

An A-FACT representative stated, "Although the overall economy was depressed due to the COVID-19 pandemic, A-FACT increased production capacity through facility investments and achieved sales growth by continuously enhancing production capabilities. We will continue to grow by steadily preparing new businesses such as non-memory and packaging."

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