The stock price of Daewon Sanup, a KOSDAQ-listed company, is strong in early trading on the 7th. This is interpreted as an influx of buyers following the news of last year's 'earnings surprise.'
As of 10:14 a.m. on that day, Daewon Sanup is trading at 7,125 won, up 1,065 won (17.6%) from the previous trading day. During the session, it rose to 7,670 won, setting a new high for the year.
Daewon Sanup, a manufacturer of automobile seats, reported after the market close the previous day that its consolidated operating profit for last year increased by 58.5% year-on-year to 75 billion won.
During the same period, the net profit surged to 72.5 billion won, a 102.9% increase, while sales reached 931.5 billion won, reflecting a 19.6% increase. Following the announcement, Daewon Sanup soared 9.9% in after-hours transactions.
A representative from Daewon Sanup noted, 'Sales from domestic and overseas subsidiaries increased, and with the foreign exchange gains also rising, we achieved strong results.'