Woojin Turns Operating Profit Positive in Q1... "Thanks to Semiconductor Temperature Sensors"

[Asia Economy Reporter Jang Hyowon] Woojin succeeded in turning a profit in the first quarter, a seasonal off-season, compared to last year.

On the 14th, Woojin announced that its separate basis operating profit for the first quarter was 200 million KRW, turning to a profit compared to the same period last year. Sales increased by 37.9% to 8.9 billion KRW. Net loss was 16.4 billion KRW due to a decline in the value of its stake in Sambutogeon as of the end of last year.

On a consolidated basis, sales recorded 18.9 billion KRW, an 18.8% increase compared to the same period last year. Operating loss was 600 million KRW, but the loss was significantly reduced compared to 1.8 billion KRW in the same period last year. Net loss was 17.8 billion KRW.

A company official stated, “The performance of the temperature sensor division acquired at the end of last year has been reflected in this year’s results, leading to increased sales and a return to operating profit. The main product of the temperature sensor division is thermocouples (T/C) for semiconductors, and since the semiconductor industry is currently booming, demand is expected to grow further.”

He added, “Regarding the nuclear power plant instrumentation division, performance tends to improve toward the end of the year, so overall results are expected to gradually increase.”

Woojin is a specialized company in industrial core instrumentation such as in-core nuclear instrumentation (ICI) for nuclear power plants, automation equipment in the steel sector, and CMS. In December last year, it acquired the temperature sensor division from Heraeus Electronite in Belgium.

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