ECOCAB is seeing a strong stock price in early trading on the 4th. This is interpreted as an influx of buying interest following the news that it recorded an 'earning surprise' last year.
As of 9:45 a.m. on the same day, ECOCAB was trading at 1,768 won, up 408 won (30.00%) from the previous trading day. ECOCAB went straight to the upper limit price after the market opened.
The automotive parts manufacturer ECOCAB announced that its operating profit increased by 259.31% to 14.2 billion won after the market closed on the previous trading day, February 28. During the same period, net profit and sales rose by 899.97% and 2.81%, respectively, totaling 20.8 billion won and 139.7 billion won.
An ECOCAB representative noted, "The increase in operating profit was due to stabilization of production in affiliated companies such as its Mexican subsidiary, improvement in revenue structure, and foreign exchange gains."