Oseong Advanced Materials, Q2 Earnings Rebound... Increased Expectations for H2 Performance

Oseong Advanced Materials is showing signs of recovery in its performance, which had sharply declined after reaching its highest half-year results last year.

Oseong Advanced Materials (CEO Jangwon Lee) reported on the 14th that its consolidated sales dropped sharply from 44.8 billion KRW in the second quarter of last year to 17.2 billion KRW in the third quarter, but rebounded to 25.1 billion KRW in the fourth quarter, 23.7 billion KRW in the first quarter of this year, and 27.7 billion KRW in the second quarter.

A company official stated, “Performance is improving due to the launch of new foldable phone models by our client companies and increased order volumes from overseas customers,” adding, “Clear results are expected to appear from the second half of the year.” It is known that the production line is currently operating without holidays to meet customer order volumes.

Oseong Advanced Materials achieved record-high consolidated sales of 117.1 billion KRW and an operating profit of 13 billion KRW last year.

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