Irem, 1Q Sales Up 45% YoY... Achieves Operating Profit for 8 Consecutive Quarters

Irem achieved its highest-ever quarterly performance, driven by growth in the Superdeck business division.

On the 17th, Irem announced that its first-quarter sales increased by 45.03% year-on-year to 28.1 billion KRW. During the same period, operating profit and net loss were 240 million KRW and 220 million KRW, respectively.

A company representative stated, “Despite adverse external conditions such as fluctuations in nickel prices and exchange rates, which are key raw materials for the steel pipe business, as well as a downturn in the upstream industry, we have achieved operating profits for eight consecutive quarters.”

Since changing its name from ‘Kosen’ recently, Irem’s Superdeck business began recognizing sales in February and achieved sales of 7.3 billion KRW.

Superdeck is Korea’s first eco-friendly building solution that reduces carbon emissions. As non-residential buildings such as data centers, logistics warehouses, and commercial facilities rapidly expand, the Superdeck industry is experiencing rapid annual growth.

A company representative said, “The second half of the year is the seasonal peak for our main businesses, steel pipes and deck, and we expect significant performance improvements.”

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