OCI Holdings Q3 Operating Profit Margin at 19%... "Impact of Polysilicon Business Stabilization"

OCI Holdings achieved an operating profit margin close to 20% in the third quarter of this year. On the 26th, it disclosed that the consolidated operating profit for the third quarter, based on the continuing company after the split, was preliminarily estimated at 130.8 billion KRW, a 1% decrease compared to the previous quarter. OCI Holdings explained that securing a non-China premium for polysilicon, its core business area, and stable operations contributed to maintaining solid performance. Sales increased by 16% from the previous quarter to 690.3 billion KRW. The operating profit margin was recorded at 19%. On May 1st, OCI was split by spin-off into the holding company OCI Holdings as the continuing entity and the newly established chemical company OCI. The results reflect the discontinued operations profit and loss from the newly established split company segment.

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