KD Navien reported results exceeding market expectations, causing its stock to surge in the after-market (after-market hours from 3:40 p.m. to 8 p.m.) on the 12th.
KD Navien shares traded at 102,400 won in Next Trade at 5:30 p.m. that day, up 13.53% (12,200 won) from the previous day's closing price. During the after-market, the stock price jumped to 110,000 won, surpassing the previous all-time high of 107,700 won.
KD Navien shares ended the regular market down 2.44% (2,200 won) at 88,000 won, but the "surprise results" stimulated investor sentiment.
KD Navien announced after the regular market closed that its consolidated sales in the second quarter (April to June) were 392.3 billion won, with an operating income of 51.2 billion won. Both sales and operating income were 13% and 53% higher than market expectations, respectively.
KD Navien explained that the results reflected the effectiveness of the new business achievements, including Navien Magic, and the proactive response to U.S. tariff policies.
KD Navien is expanding its footprint beyond boilers and underfloor heating mats into indoor air quality management. Last month, it launched a dehumidifying ventilation purifier.