NCTRON Reports Separate Operating Profit of 2 Billion KRW... Returns to Profitability After 5 Years

[Asia Economy Reporter Hyungsoo Park] NCITRON, a non-memory semiconductor specialist, announced on the 16th that it recorded sales of 15.1 billion KRW and operating profit of 2 billion KRW based on separate financial statements last year. On a consolidated basis, it achieved sales of 15.8 billion KRW and operating profit of 700 million KRW.

Thanks to strong sales of its core non-memory semiconductor business and the effects of restructuring unprofitable businesses, the company succeeded in turning a profit. With operating profit turning positive on a separate basis, NCITRON is expected to resolve the reasons for its designation as a management item.

NCITRON is a leading domestic specialist in audio-related non-memory semiconductors. It supplies semiconductors to global TV and home appliance companies such as China's TCL, Hisense, and LG Electronics. Even during last year's global non-memory semiconductor supply shortage, it secured stable production volumes and received excellent evaluations from customers in terms of quality and delivery.

A company official emphasized, "This year, we plan to expand non-memory semiconductor supply mainly to large customers and actively explore new businesses."

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