KG Chemical announced on August 14 that it recorded sales of 2.58 trillion won and an operating profit of 90.9 billion won for the second quarter. Both sales and operating profit increased by 18.3% and 15.3%, respectively, compared to the same period last year.
Major subsidiaries also demonstrated stable growth across their business sectors, contributing to the overall strong performance.
KG Steel reported second-quarter sales of 896.4 billion won and an operating profit of 43.1 billion won, marking increases of 11.3% and 16.9% year-on-year, respectively. The imposition of provisional tariffs on Chinese GI and color-coated steel sheets and the effect of price increases improved domestic sales conditions, while a profitability-focused export expansion strategy drove results.
KG Mobility achieved second-quarter sales of 1.18 trillion won, a 14.1% increase from the previous year, thanks to the launch of the new Musso model and growth in eco-friendly vehicle sales, particularly in European and Middle Eastern markets.
KG Inicis reported sales of 371.8 billion won and an operating profit of 28.6 billion won, reflecting year-on-year increases of 15.0% and 15.1%, respectively, driven by solid growth in its payment gateway business and successful transition of its rental business to a B2B structure, along with balanced growth across its subsidiaries in food and beverage and education sectors.
KG Chemical's own business segment also supported strong results. The fertilizer business benefited from increased domestic sales as it entered the peak season and growth in exports to Southeast Asian countries like Indonesia and Vietnam. The construction materials segment maintained stable performance based on overseas market demand.
A KG Chemical representative stated, "In the second quarter, the robust growth of our core businesses and the expansion of major subsidiaries led to significant increases in both consolidated sales and operating profit. We will continue to strengthen our business competitiveness and maintain active communication with the market, shareholders, and investors."
Meanwhile, KG Chemical has been working to enhance management transparency and communication, including the introduction of a participation director system in April.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.