Isu Chemical, Q1 Operating Profit of 15.4 Billion Won

[Asia Economy Reporter Park Hyungsoo] Isu Chemical achieved an operating profit of 15.4 billion KRW in the first quarter of this year on a consolidated basis, continuing its five consecutive quarters of profitability.

Isu Chemical announced on the 17th that its consolidated sales in the first quarter of this year increased by 33% year-on-year to 466.7 billion KRW, and operating profit rose by 15% to 15.4 billion KRW. The operating profit has maintained quarterly profitability for five consecutive quarters since the first quarter of last year. On a separate basis, sales reached 356.6 billion KRW and operating profit was 15 billion KRW.

The improved market conditions for the main products LAB and TDM led to the performance improvement. The profitability of TDM, a specialty chemical product, has improved. TDM, used as a plastic additive, is produced by a total of three manufacturers including Isu Chemical. Currently, a supply-demand imbalance continues due to supply and logistics disruptions at competing companies.

An Isu Chemical official stated, "In the second quarter as well, the favorable market conditions for the main product LAB and the supply-demand imbalance of TDM are expected to continue. Based on this positive market environment, we plan to continuously pursue expansion into eco-friendly businesses and strengthen ESG management."

Isu Chemical began construction in April of a lithium sulfide (Li2S) demo plant, aiming for completion this year. It has passed quality tests from customers and is actively conducting supply negotiations. The company plans to publish its first sustainability management report in the second quarter to strengthen ESG (Environmental, Social, and Governance) management.

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