SNT Energy, which manufactures heat exchangers for refining and petrochemical plants, announced results that exceeded market expectations, leading to a sharp rise in its stock price.
SNT Energy shares were traded at 47,300 won on the KOSPI market at 9:10 a.m. on the 24th, rising 24.8% (9,400 won) from the previous day. During trading, the share price climbed to 49,200 won, setting a new high for the past year.
SNT Energy reported a revenue of 140.7 billion won and an operating profit of 27.4 billion won for the second quarter (April to June) of this year. This is more than double and five times higher than the same period last year, respectively. Notably, revenue was 17% higher and operating profit was 114% above market expectations.
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