INNOX Advanced Materials’ Q2 OP up 37.06%

INNOX Advanced Materials Co. CI

INNOX Advanced Materials Co., which is listed on the secondary Kosdaq market, saw its operating profit soar by more than 37 percent in the second quarter of 2024 from the same period a year ago.

The information technology (IT) material company said on Monday that its operating profit for the second quarter was 27.6 billion won ($20.3 million), up 27.06 percent from the same period the year before. Sales were 115.7 billion won in the April to June period, down 3.84 percent on year, while net profit rose by 25.77 percent to 18.6 billion won.

The company’s operating profit was 3.7 percent higher than the market forecast of 26.6 billion won compiled by Yonhap Infomax.