Shares of Hyper Corporation have hit the upper limit for the second consecutive day following a surge on October 13.
According to the Korea Exchange, as of 9:19 a.m. on October 14, Hyper Corporation's stock was trading at 2,515 won, up 29.84% (578 won) from the previous trading day.
Hyper Corporation operates in the IT and biopharmaceutical sectors, as well as in retail. It is the official partner of Logitech in South Korea, selling a variety of computer-related products, including mice, keyboards, headsets, webcams, monitors, and soundbars through both online and offline distribution channels.
In the first half of this year, the company reported sales of approximately 42.2 billion won, a 25.9% increase compared to the same period last year. However, it also recorded an operating loss of about 3 billion won. Analysts in the securities industry expect that ongoing efforts to improve its financial structure, including the restructuring of loss-making businesses and the repurchase of convertible bonds, will lead to a return to profitability in the second half of the year.
* This article has been translated by AI.
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