ICHAH, 89% Sales Increase Last Year... "Turnaround Starting from Q4"
ICAH announced on the 29th through a disclosure that its consolidated sales last year amounted to 43.2 billion KRW, an increase of 89.3% compared to the previous year.
Although the company recorded an operating loss of 10 billion KRW and a net loss of 11.38 billion KRW for the full year, its sales in the fourth quarter reached 15.9 billion KRW, and operating profit was 754 million KRW, achieving a quarterly turnaround to profitability.
A company representative stated, "Performance significantly improved from the fourth quarter of last year as our major items, film-type thin-film antennas (MFA) and gaskets, regained opportunities for mass supply."
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He added, "In new business items, the expansion of mass production models for composite materials used in OLED panels and the mass production application of PU foam for Chinese smartphones contributed considerably to the performance improvement. This year, we will focus on development, marketing, and production activities with a firm goal of a warm turnaround."
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