Ajoo Industry Reports Operating Profit of 64.8 Billion KRW Last Year, Up 71.3% Year-on-Year
[Asia Economy Reporter Lee Junhyung] Ajou Industrial announced on the 1st that its operating profit last year was 64.8 billion KRW, an increase of 71.3% compared to the previous year.
Last year's sales amounted to 458.5 billion KRW, up 3.2% from the previous year. Net profit for the period increased by 183.2% to 42.9 billion KRW compared to the previous year.
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An Ajou Industrial official explained, "We made efforts to improve productivity by utilizing 4th industrial revolution technologies and to establish a stable quality management system for each product," adding, "We were able to achieve these results despite difficult conditions such as COVID-19 by strengthening market competitiveness." He also added, "There was also strong performance from major consolidated subsidiaries such as Ajou IB Investment."
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