[Featured Stock] Enchem, Successfully Turned Profitable, Up 14%
Enchem is rising more than 14% in early trading.
![[Featured Stock] Enchem, Successfully Turned Profitable, Up 14%](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 9:36 AM on the 16th, Enchem is trading at 211,000 KRW, up 14.05% (26,000 KRW) from the previous trading day.
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Strong second-quarter earnings acted as a positive factor for the stock price. Enchem recorded consolidated sales of 108.3 billion KRW in the second quarter of this year, a 39% increase compared to the previous year. Operating profit for the second quarter was 600 million KRW, turning to a profit after two quarters. The increase in product supply volume to new North American customers such as Tesla and Panasonic was the reason for the strong performance.
This content was produced with the assistance of AI translation services.
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