Unid Posts Sales of KRW 378 billion in Q3, Up 15% From a Year Earlier
TECHWORLD ·
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Unid announced preliminary third-quarter earnings on the 21st. On a consolidated basis, sales came to KRW 378 billion and operating loss came to KRW 2.1 billion. Third-quarter sales rose 15% from a year earlier, but operating profit swung to a loss.
Unid announced preliminary third-quarter earnings on the 21st. On a consolidated basis, sales came to KRW 378 billion and operating loss came to KRW 2.1 billion. Third-quarter sales rose 15% from a year earlier, extending revenue growth, but operating profit swung to a loss.
The company cited the onset of the traditional seasonal off-peak period, a surge in global ocean freight rates due to geopolitical risks, and sharp fluctuations in exchange rates as factors behind the deterioration in profitability. Unid said third-quarter profitability slowed somewhat due to temporary external headwinds, but sales maintained solid growth from a year earlier.
Unid said it will push ahead with expanding its Yichang plant in China and work to drive a recovery in earnings based on normalizing utilization at its Ulsan plant, while also striving to improve profitability and enhance shareholder value in response to external uncertainty.
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Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408556
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Source: TECHWORLD
View originalThis article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.