[Click eStock] "Solus Advanced Materials, Improvement to Accelerate from Q2"

Daishin Securities forecasted on the 26th that Solus Advanced Materials' performance in the first quarter of this year was sluggish but is expected to improve from the second quarter.

Jeon Chang-hyun, a researcher at Daishin Securities, stated in a report on the same day, "Solus Advanced Materials recorded sales of 11.8 billion KRW and an operating loss of 19 billion KRW in the first quarter, falling short of the market expectation of a 14.5 billion KRW loss," adding, "In the second quarter, sales are expected to reach 133 billion KRW with an operating loss of 12.6 billion KRW, indicating a reduction in the deficit."

Researcher Jeon analyzed, "With the full-scale operation of the battery copper foil plant in Hungary, external growth will accelerate from the second quarter," and "As Europe's electricity costs stabilize at a lower level, easing manufacturing cost burdens, and with improvements in yield and operating rates, a quarterly profit turnaround in the battery copper foil segment is expected in the fourth quarter of this year."

He added, "Copper foil is expected to return to profitability in the second quarter, and electronic materials are anticipated to see performance improvements in the second half of the year due to a recovery in the industry."

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