Komtech System Reports Operating Profit of 16.7 Billion KRW Last Year, Up 859.7% YoY
[Asia Economy Reporter Moon Hyewon] Comtec Systems announced on the 15th through a disclosure that its consolidated sales last year reached 382 billion KRW, an increase of 60.1% compared to the previous year.
Operating profit recorded an all-time high of 16.7 billion KRW (an increase of 859.7% compared to the previous year), and net profit turned positive at 5.5 billion KRW.
Comtec Systems is accelerating growth by expanding its business areas to include cloud infrastructure, a new growth engine, along with its existing untact video business and Ssangyong Information & Communications, which was incorporated as a subsidiary.
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A Comtec Systems official stated, “This year, the synergy effects with subsidiaries such as Ssangyong Information & Communications are expected to shine even more, and especially the business in the financial customer sector is growing rapidly,” adding, “With strong performance in the untact business and the rapidly expanding cloud-based infrastructure market, we expect to achieve record results again this year.”
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