Kenkoua Aerospace Q3 Sales 54.8 Billion Won... "7 Consecutive Quarters of Record Highs"

[Asia Economy Reporter Jang Hyowon] Kenko Aerospace announced on the 14th that its consolidated operating profit for the third quarter reached 4.2 billion KRW, continuing its profit trend. During the same period, sales increased by 39% year-on-year to 54.8 billion KRW, surpassing the previous year's sales within just three quarters. Net profit was 2.3 billion KRW.

In particular, Kenko achieved record-high quarterly sales for seven consecutive quarters since its listing, driven by increased production in its passenger-to-freighter conversion business. The Korean headquarters recorded a 52% sales growth compared to the same period last year.

On the 8th, Kenko held a final assembly ceremony for the second batch of orders in its passenger-to-freighter conversion business. Production of the second batch will begin next year, and sales growth in the MRO sector is expected to accelerate. Consolidated operating profit also maintained a solid trend, with the Korean headquarters successfully turning around cumulative operating profit in the third quarter.

California Metal, a U.S. subsidiary, recorded a 49% sales growth year-on-year in the U.S. space raw materials sector, surpassing the half-year growth trend. As the U.S. launch vehicle market establishes itself as a manufacturing industry producing launch vehicles in series, the customer base is expanding not only among global space companies but also within the value chain of space enterprises.

Kenko is actively entering new business areas such as SPACE and UAM while its existing defense and aerospace manufacturing sectors are rapidly growing and entering profitability. The selection of business models appropriate to the company’s growth level and a diversified business portfolio within the aerospace sector are maximizing synergy effects with new business divisions.

Kenko CEO Min-gyu Lee said, “Achieving record-high sales for seven consecutive quarters and turning operating profits across all affiliates is not our goal,” adding, “We will grow much larger in the global aerospace market.”

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