Yesontech Reports KRW 21.5 Billion Sales in H1, Up 11% YoY
Yesontech, a company specializing in functional adhesive materials, demonstrated growth in its performance for the first half of this year.
Yesontech announced on August 14 that, on a consolidated basis, it recorded sales of 21,528,010,000 won, operating profit of 840,380,000 won, and net profit of 1,168,210,000 won in the first half of this year. Compared to the same period last year, sales increased by 11.0%, operating profit by 169.4%, and net profit by 152.8%, respectively.
The company achieved growth thanks to increased sales contribution from the LCD display and automotive display sectors. Yesontech plans to diversify its business portfolio, focusing on high-growth markets, and strengthen its technological competitiveness through research and development.
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A representative from Yesontech stated, "As the proportion of sales from automotive displays and adhesive tapes for secondary batteries increases, the profitability-centered business structure is being established on a stable footing. In the second half of this year, we will also expand product development focused on high-growth markets, so that the company's intrinsic value can be properly recognized by the market."
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