[Special Stock] Dentium Falls Over 5% on Lower Profit Margin in Q1

Dentium showed weakness as its sales increased in the first quarter of this year, but net profit and operating profit decreased.

As of 9:40 a.m. on the 10th, Dentium is trading at 124,400 KRW, down 5.26% from the previous close on the Korea Exchange. The trading volume is 150,000 shares, and the trading value is 18.8 billion KRW.

Dentium announced yesterday that its operating profit for the first quarter of this year was 19.2 billion KRW, a 10.7% decrease compared to the previous year. Sales amounted to 82.7 billion KRW, up 20.2% from the previous year. Net profit was 16.5 billion KRW, down 9.8%.

The operating profit margin also fell from the 30% range to 20%. Chung-Hyun Kim, a researcher at Mirae Asset Securities, said, "The operating profit margin has fallen to the 20% range for the first time in two years," adding, "The gross profit margin declined by 6.9 percentage points year-on-year due to increased sales outside of implants, and the main cause was a 3.3 billion KRW increase in advertising expenses due to strengthened global marketing."

He also noted, "From the second quarter, sales are expected to increase to the 110 billion KRW range, reducing the burden of fixed costs and recovering the operating profit margin to 30% again," and added, "It seems necessary to avoid excessive concerns."

This content was produced with the assistance of AI translation services.