[Featured Stock] Wonik QnC Surges Over 10% on Strong 1Q Earnings... Hits 52-Week High
[Asia Economy Reporter Kwon Jae-hee] Wonik QnC is showing strong performance in the early trading session after announcing first-quarter earnings that exceeded market expectations.
As of 10:21 AM on the 3rd, Wonik QnC is trading at 33,700 KRW, up 10.31% compared to the previous trading day. This has set a new 52-week high.
Wonik QnC disclosed that its consolidated operating profit for the first quarter of this year was preliminarily estimated at 34.046 billion KRW, representing a 70.6% increase compared to the same period last year. Sales reached 181.73 billion KRW, up 27.4% during the same period.
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Oh Kang-ho, a researcher at Shinhan Financial Investment, analyzed, "This year, Wonik QnC is expected to see expanded sales in key business sectors such as quartz and ㅅjeong. It is the most valuation-attractive company among domestic consumables firms."
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