Abko Reports 70.1 Billion KRW in H1 Sales... "Targeting New Markets Like Office and Home Gaming Gear"

[Asia Economy Reporter Jang Hyowon] ABKO, a specialized company in gaming gear and home appliances brands, announced that it has completed the internal business portfolio restructuring to respond to the changes in the global PC components market triggered by COVID-19.

The strategy is to strengthen the attack on high-growth new markets, including the office market and home gaming gear market, starting in the second half of the year.

On the 17th, ABKO disclosed that its cumulative sales based on consolidated financial statements for the first half of this year reached 70.1133 billion KRW. The cumulative operating profit until the first half was 3.99441 billion KRW, and net profit was 3.33184 billion KRW.

Based on consolidated financial statements, the sales for the second quarter were 27.055 billion KRW, with operating profit and net profit recorded at 274.28 million KRW and 118.24 million KRW, respectively. The sales proportion of the gaming gear division accounted for 71.4%, slightly down from 74.5% in the same period last year, while the sales proportion of the home appliances division, including the home appliances brand ‘Oella’, increased from 19.6% to 28.4%.

Domestic sales decreased due to the stagnation of the upstream industry, but overseas sales increased by 3.1% compared to the same period last year due to an increase in export target countries and B2B sales.

An ABKO official explained, “The shortage of graphics cards caused by cryptocurrency mining and the global semiconductor supply shortage had a significant impact on the stagnation of the gaming PC and peripheral markets. As the COVID-19 situation prolonged, sales at PC bangs, our main market, sharply declined from the second quarter of last year, and the combination of cryptocurrency mining and semiconductor supply shortages slowed the recovery speed of the industry.”

He added, “Instead, demand in the home gaming gear sector has been steadily increasing, and from the second half of the year, with the release of major global games and stabilization of graphics card supply, a recovery of the gaming PC market is expected. Accordingly, we have reorganized the overall business portfolio. We will closely monitor industry conditions and strengthen our attack on new high-growth markets after COVID-19, such as the office and home gaming gear markets.”

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