Huneed, 5.2 Billion KRW Operating Profit in Q3 Based on TICN

[Asia Economy Yang Nak-gyu, Military Specialist Reporter] Hunid Technologies continued its strong performance in the third quarter based on the power-up project of the military's next-generation Tactical Information Communication Network (TICN) large-capacity wireless transmission system (HCTRS, High Capacity Trunk Radio System).

The TICN project is a next-generation tactical information communication system project with a budget of approximately 5.4 trillion KRW, supporting integrated high-speed, large-capacity voice, data, and video, enabling command and control or tactical internet even during mobility.

Hunid announced on the 12th through a public disclosure that it recorded sales of 63.8 billion KRW, operating profit of 5.2 billion KRW, and net profit of 3.5 billion KRW in the third quarter. Sales increased by 118.4% compared to the same period last year, and operating profit and net profit turned positive.

Also, on a cumulative basis for the third quarter, sales increased by 168.1% compared to the same period last year to 176.7 billion KRW, and operating profit and net profit turned positive at 11 billion KRW and 10.2 billion KRW, respectively.

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