[Announcement+] Woojin, Q1 Sales of 16 Billion KRW... 18.8% Increase YoY

[Asia Economy Reporter Jang Hyowon] Woojin announced that its performance improved in the first quarter, which is an off-season, compared to the same period last year.

Woojin disclosed on the 15th that its separate basis first-quarter sales reached 6.5 billion KRW, an increase of 55.6% compared to the same period last year. Operating loss decreased by 50.6% to 800 million KRW, and net profit turned positive to 200 million KRW.

On a consolidated basis, sales recorded 16 billion KRW, up 18.8% from the same period last year. During the same period, operating loss was 1.9 billion KRW and net loss was 1.2 billion KRW, but the loss margins decreased by 51.1% and 74.7%, respectively, compared to the same period last year.

According to a company official, despite the first quarter being a seasonal off-season, sales increased due to rising demand for nuclear power plant replacement parts.

Woojin is a specialized measurement equipment company used in various industries such as in-core nuclear instrumentation (ICI), a core device of nuclear power plants, and automation equipment for steel mills.

Meanwhile, Woojin held its 40th anniversary event on the 12th at its headquarters located in Osan-dong, Hwaseong-si, Gyeonggi-do. Lee Jae-sang, CEO of Woojin, said, "We expect new sales to occur as parts supply begins for nuclear power plants starting operation this year," adding, "As preparation for the next 40 years, we will also focus on research and development of the new decontamination business."

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