Haesung Industrial Achieves Operating Profit of 45.5 Billion Won, Up 286% Year-on-Year

Haesung Industrial announced on the 14th that, on a consolidated basis, it recorded sales of 1.2584 trillion won and operating profit of 45.5 billion won for the first half of the year.

Sales increased by 13% compared to the same period last year (1.1136 trillion won), and operating profit (11.8 billion won) surged by 286% year-on-year.

The company attributed the improved first-half results primarily to the business expansion of its subsidiaries. Haesung DS, the group’s semiconductor specialist subsidiary, recorded sales of 399.7 billion won in the first half, driven by increased demand for its main product, lead frames. This represents a 36% increase compared to the same period last year.

Korea Paper, the group’s paper manufacturing subsidiary, achieved sales of 419.5 billion won and operating profit of 9.3 billion won in the first half, thanks to differentiated product competitiveness and a stable business foundation, despite challenging market conditions.

The Chinese subsidiary, Gukil Paper (Zhangjiagang) Co., Ltd., also reported sales of 102.7 billion won and operating profit of 7.8 billion won in the first half, based on its competitiveness in the high value-added specialty paper market.

A representative from Haesung Industrial stated, "We will continue to enhance the competitiveness of our core businesses, maintain an operating policy focused on profitability, and expand our stable growth base going forward."

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