RNT Technology Reports 15 Billion KRW in Sales for First Half of the Year... 'All-Time High'

[Asia Economy Reporter Hyunseok Yoo] RNT Technology announced on the 17th that it achieved its highest-ever sales of 15 billion KRW in the first half of this year. Operating profit and net profit were 2.4 billion KRW and 1.5 billion KRW, respectively.

Sales in the second quarter of 2021 increased by 20% compared to the previous quarter, reaching 8.2 billion KRW. Operating profit and net profit were 1.8 billion KRW and 1.3 billion KRW, respectively, showing improvements of 193% and 978% compared to the first quarter.

RNT Technology's sales to major domestic customers increased by 493% compared to the first half of last year, driven by active 5G investments in North America and 4G/Pre-5G investments in India. Additionally, sales of materials (LTCC powder) related to the expansion of 5G infrastructure increased by 87% compared to the first half of last year.

The future performance outlook for RNT Technology is also positive. 5G-related investments in North America, India, Europe, and other regions are steadily expanding worldwide. China's 5G investment plans also show a larger proportion in the second half of the year compared to the first half. According to Global Times, only about 24% of China's planned 5G investment (600,000 base stations) for this year was made in the first half. Since the company recently secured all five major network equipment manufacturers as customers, the global increase in 5G investments is expected to lead to performance growth.

An RNT Technology official stated, “We succeeded in securing all five major telecommunications equipment companies as customers by gaining recognition for our product competitiveness,” and added, “The expansion of global 5G infrastructure is expected to continue in the second half of the year, sustaining solid performance in LTCC materials and 5G telecommunications equipment components.”

Meanwhile, RNT Technology is also showing results in diversifying sales of components (MLC) for telecommunications equipment. Sales related to automobiles and satellite communications increased by 130% compared to the first half of last year.

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