C&T Seongjin Reports Q1 Revenue of 45.4 Billion Won... Record Highest Quarterly Performance

[Asia Economy Reporter Park Hyungsoo] CNTOOS Seongjin, a specialized company in advanced material filters, recorded its highest quarterly performance in the first quarter of this year.

CNTOOS Seongjin announced on the 6th that it recorded sales of 45.4 billion KRW and operating profit of 16.5 billion KRW in the first quarter of this year. This represents an increase of 40.8% and 18.3%, respectively, compared to the same period last year. Compared to the previous quarter, sales increased by 8.5% and operating profit grew by 19.8%.

A company official explained, "We achieved quarterly results that surpassed the sales of the third and fourth quarters of last year, when mask sales surged due to the spread of COVID-19."

He added, "The continuous growth of CNTOOS Seongjin is thanks to the solid performance of the ‘Aer Mask,’ which has established itself as a premium brand in the market, and the air filter business division, which has grown by more than 40% since last year."

To enhance production capacity in the filter business division, CNTOOS Seongjin is investing approximately 5 billion KRW to build its fourth factory in Ulsan. On the 12th of last month, the company announced a decision to invest 20 billion KRW in facilities for a new consumer business. It has acquired land measuring 12,000 pyeong and is pushing forward with the project.

A CNTOOS Seongjin official emphasized, "Not only did mask sales perform well, but the rapid growth of the filter business division led to the highest first-quarter sales performance in history. We will steadily secure new growth engines by entering new businesses such as daily consumer water treatment filters."

He added, "We are also preparing to grow into a global company in the specialized materials field through research and development."

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