Despite ongoing external uncertainties, the company's operating profit surged by 130.1% compared to the same period last year, driven by the success of its ongoing Operational Efficiency (OE) project and increased sales of key products such as aramid, engineering plastics, and petroleum resins.
In the industrial materials sector, sales growth in aramid and engineering plastics propelled revenue increases. Additionally, the expansion of high-value product sales contributed to improved operating profits.
The chemicals division saw revenue and operating profit rise compared to both the same period last year and the previous quarter, thanks to the resumption of petroleum resin production following scheduled maintenance and increased sales to customers. The fashion division also experienced revenue growth year-on-year due to recovering consumer sentiment and strong sales of new products, resulting in a return to profitability.
A Kolon Industries representative stated, "Despite the uncertain external environment, the OE project has yielded results, leading to increased revenue and operating profit across all divisions. We will continue to establish a foundation for sustained growth through operational efficiency and the expansion of high-value product lines."
Meanwhile, Kolon Industries is accelerating efforts to streamline low-profit businesses and optimize non-core assets. Industry sources indicate that the company is considering the sale of low-profit divisions, including its semiconductor film business. In response, a company representative stated, "No decisions have been made regarding the sale of specific divisions."
* This article has been translated by AI.
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