E&Corporation Reports 168.3 Billion KRW in Sales Last Year... Highest Since Inception

[Asia Economy Reporter Hyungsoo Park] EN Corporation has recorded its highest sales performance since its establishment.

EN Corporation announced on the 22nd that it achieved consolidated sales of 168.3 billion KRW and operating profit of 4 billion KRW last year. This represents an increase of 1142% and 1259% respectively compared to the previous year.

A company official explained, "Last year, we acquired an environmental company with technological competitiveness in industrial water treatment," adding, "By reflecting the subsidiary's performance in the consolidated financial statements, we achieved the highest sales record since our founding."

Hansung Cleantech, a subsidiary specializing in ultrapure water and water treatment EPC, recorded sales of 162.3 billion KRW last year. Hansung Cleantech was influenced by increased EPC demand following the government policy to establish the world's largest semiconductor production base. EN Corporation reflected its performance in the consolidated financial statements from April, the acquisition date.

EN Water Solution and Eclean Water, subsidiaries handling liquid designated waste and wastewater entrusted treatment, reflected their performance from April and August respectively after the business transfer.

An EN Corporation official stated, "Subsidiaries reflected in the consolidated financial statements have their performance included from the acquisition date," and added, "From this year, we will fully reflect one year of performance in the consolidated financial statements."

He continued, "In December last year, by acquiring an 80% stake in Daeyang Enviro, a water treatment O&M company, we uniquely established an industrial water treatment platform in Korea."

He further explained, "We expect synergy effects among subsidiaries through the industrial water treatment platform," and forecasted, "We will strive to achieve sales of 300 billion KRW this year."

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