[Public Notice+] KMH Group Q1 Operating Profit Up 80% YoY... "Strong Performance of Affiliates"

[Asia Economy Reporter Hyunseok Yoo] KMH Group, a broadcasting transmission specialist company, announced on the 18th that its consolidated sales for the first quarter reached 61.9 billion KRW, a 42.5% increase compared to the same period last year. Operating profit for the same period grew by 80.8% to 5.1 billion KRW.

Despite increasing internal and external uncertainties due to the COVID-19 pandemic, the company recorded significant performance growth thanks to the stable operation of its core broadcasting business and strong results from its major affiliates.

KMH Hightech, a major affiliate specializing in semiconductor materials, saw its first-quarter sales grow by 28% year-on-year, with operating profit increasing by 352%. Another affiliate, KMH Leisure, which operates three golf courses including Shilla Leisure, Paju Country Club, and Oksan Leisure (Tejeve Country Club), posted solid results in the first quarter, traditionally an off-season for golf, similar to last year.

A KMH representative stated, “Although the business environment was challenging due to the impact of COVID-19, proactive responses from each affiliate allowed us to achieve our originally planned management goals without disruption. Even under difficult conditions in the first quarter, we overcame the crisis by securing liquidity and defending profitability, and we will continue to pursue sound management through selection and concentration going forward.”

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