Kolon ENP, Operating Profit of 39.8 Billion KRW in 2024... Up 17.6% YoY

Increase in High Value-Added Product Sales
"We Will Expand the Related Portfolio"

Kolon ENP, a specialist in industrial engineering plastics, announced on the 19th that it recorded consolidated sales of 486.2 billion KRW and an operating profit of 39.8 billion KRW for 2024. Compared to the previous year, sales increased by 6.6% and operating profit by 17.6%, achieving the second-highest performance in its history.

Despite a highly uncertain internal and external environment, Kolon ENP maintained solid performance. Although market prices declined due to intensified competition amid the global economic downturn last year, the company expanded the proportion of high-profit products by supplying products to the medical market. Additionally, it optimized its production system and distribution channels by consolidating product lines.

A Kolon ENP representative stated, "In 2025, we plan to continue growth based on profitability by expanding sales of medical products and broadening the sales portfolio of high value-added product groups such as POM compounds and high-strength POM. We will also actively review shareholder return policies to ensure that an appropriate corporate value is reflected."

Meanwhile, Kolon ENP's board of directors resolved on the same day to pay a cash dividend of 200 KRW per share for 2024, totaling 7.6 billion KRW in dividends.

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