KMH Hi-Tech Subsidiary Intek Digital Signs 25 Billion KRW Contract with SKB

[Asia Economy Reporter Seolgina Jo] Intek Digital, a broadcasting equipment company incorporated as a subsidiary of KMH Hi-Tech, a specialized manufacturer of semiconductor components, materials, and SSD cases, has succeeded in securing a large-scale order.

Intek Digital announced on the 15th that it signed a broadcasting equipment supply contract worth 25 billion KRW with SK Broadband on the 14th. This amount exceeds half of Intek Digital's sales of 42.7 billion KRW last year and corresponds to about 33% of KMH Hi-Tech's sales of 74.7 billion KRW last year.

With this successful order, Intek Digital's sales this year are expected to exceed 50 billion KRW. Operating profit, which was 2.5 billion KRW last year, is also expected to increase.

KMH Hi-Tech acquired Intek Digital in August to diversify its business and secured a 92% stake. With Intek Digital's successful order, KMH Hi-Tech has achieved the acquisition's goals of business diversification and stable profit securing.

Lee Sang-guk, CEO of KMH Hi-Tech, said, "This order not only expands KMH Hi-Tech's profits but also realizes the targeted business diversification early through the acquisition of Intek Digital," adding, "Along with this order, we are planning various activities to strengthen KMH Hi-Tech's business competitiveness, so our expectations for 2022 are even greater than this year."

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