Gyeongin Electronics Reports Operating Profit of 2 Billion KRW Last Year, Up 106% Year-on-Year

by Lee Jungyun

Published 08 Feb.2022 14:59(KST)

[Asia Economy Reporter Lee Jung-yoon] Kyeongin Electronics announced on the 8th that its operating profit last year increased by 106.4% compared to the previous year, totaling 1,998.76 million KRW.

Last year's net profit rose 174% year-on-year to 3,699.85 million KRW, and sales increased by 31.7% to 27,390.66 million KRW.

The company explained this as "an increase in sales and a decrease in parts cost ratio."