TIGER Reports Q2 Consolidated Revenue of KRW 133.8 Billion... Turns a Profit in Separate Operating Income
Stabilization of Raw Material Prices
Impact of Expanded Global Supply
TIGER announced on August 18 that its consolidated revenue for the second quarter of this year was 133.8 billion won, while its separate revenue was 53.1 billion won. Based on separate financial statements, operating profit reached 1.2 billion won, marking a turnaround to profitability.
TIGER explained that, although profitability declined in the previous quarter due to higher prices for key raw materials and memory, a turnaround in its separate operating profit was achieved as a result of adjusting global supply unit prices and increasing shipment volumes. A TIGER representative stated, "As regulations on Chinese products in the North American market have recently tightened, we expect that TIGER's black boxes, which have proven their quality and technological prowess through supplies to automakers, will be well positioned to capture related demand."
Hot Picks Today
"Heading to Japan but Skipping Korea"... The Race to Attract Multi-Purpose Domes Worth Hundreds of Billions in Annual Revenue
- [Exclusive] Fears Proved Unfounded: Local Shops Flourish as Olive Young and Daiso Draw More Shoppers
- Trains Pass Through Seoul Station Without Stopping on Line 1 (Guro Bound) and Line 4 (Buramsan Bound) Due to Disability Protest
- Another Record-Breaking Year: Major Conglomerates Collect 2.2 Trillion Won in Annual Trademark Royalties
- "After Getting Injected to Look Better..." Experts Warn Women in Their 20s and 30s
Recently, TIGER has advanced its proprietary vision AI technology—such as video recognition and object detection—based on the driving video data accumulated by its black boxes. TIGER plans to expand these capabilities to various industries, including robotics. In addition, the company announced plans to accelerate its digital twin business based on its mapping platform, aiming to secure new growth drivers.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
