[Special Stock] KCC Q1 Net Profit 454.9 Billion Won... 15 Times Increase from Previous Quarter

KCC is showing strength. Its stock price appears to be rising as its first-quarter earnings exceeded market expectations.

As of 2:19 PM on the 3rd, KCC is trading at 276,000 KRW, up 11.52% from the previous day.

KCC announced that its consolidated operating profit for the first quarter of this year was 106.9 billion KRW, a 41% increase compared to the same period last year. Sales amounted to 1.5884 trillion KRW, up 1.5% year-on-year. Net profit was 454.9 billion KRW, increasing 1447.7% from the previous quarter and turning profitable compared to the same period last year.

Yoon Jae-sung, a researcher at Hana Securities, said, "We expect a gradual improvement in the silicon industry," adding, "Based on historically low valuation levels and various held assets, there is potential for value-up."

Jung Kyung-hee, a researcher at Kiwoom Securities, analyzed, "The building materials business is growing due to the opening of the inorganic insulation material market," and "The paint segment has a high proportion of functional products and is experiencing a weak raw material price phase." She continued, "Global paint companies also expect a decline in paint raw material costs," and forecasted, "In the silicon business, which accounts for the largest sales proportion, profitability contribution will further increase as structural changes begin in the first half of the year and the cycle improves in the future."

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