Friday , August 19 2022

KOREA OPERATING PROFIT IN 3 … 16.4% year-on-year


[이데일리 박태진 기자] Announced on March 13 that its separate operating profit for the third quarter increased by 16.4% year-on-year to 3.5 billion won. Sales fell 2.1% YoY to W35.2bn, falling below the quarterly expectations.

The company said that delayed production of new fiber optic equipment and some process disruptions during the expansion are the reasons for sluggish earnings.

KC Telecom plans to concentrate on normalizing the plant and diversifying its global market in 4Q. The company is currently recovering new plant yields and plans to increase yields to normal levels until the end of the year. We also plan to expand sales in the highly profitable European market. The proportion of optical fiber Europe sales, which was 32% last year, increased to 46% in the third quarter.

OCHI HAN, CEO of Optical Communication Co., said, "Although the stabilization of new facilities has been delayed and losses have occurred in the optical fiber business, the normalization of the plant will be completed by the end of the year, and investment will be reflected in the management results from next year. We are also actively reviewing it. "

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