OTT set-top box specialist ALOYS said on the 29th that it will achieve top-line growth through the effect of consolidation of its subsidiary Korea File.
Korea File is a subsidiary of ALOYS that manufactures and sells high-strength concrete piles (PHC piles). Starting in the first quarter of this year, Korea File's results began to be fully reflected in ALOYS.
In the first quarter, ALOYS recorded consolidated revenue of 16.5 billion won, about double from a year earlier, as Korea File's results were added. Considering the rising demand for basic building materials after the second quarter, the revenue share is expected to continue to grow. Some also say that on a first-half basis, the share of Korea File could surpass that of the core OTT business.
An ALOYS official said, "The strong growth momentum proven in the first quarter will continue in the second quarter," and added, "Looking at the first half as a whole, we expect remarkable top-line growth from a year earlier."
The core OTT set-top box business is also expanding its growth each year.
A company official said, "Synergies from production and management efficiencies have reached full stride," and added, "In the remaining second half, we will drive a market reappraisal through aggressive global market expansion and new business initiatives."
ALOYS is pursuing a change of corporate name and entry into new businesses to secure next-generation growth engines through an extraordinary shareholders meeting in Jun. The company plans to accelerate a transformation into an advanced infrastructure company, including optical communication equipment and edge computers, using the improved first-half results as a springboard.