Agricultural machinery manufacturing corporation TYM recorded a consolidation revenue of 262.6 billion won and an operating profit of 24.2 billion won in the second quarter. The cumulative revenue for the first half of this year reached 488.3 billion won, reflecting an increase of 11.4% compared to the same period last year.
On the 5th, TYM announced that its consolidation revenue for the second quarter increased by 22% compared to 215.8 billion won for the same period last year. It also marked a 16.3% rise compared to the first quarter, which had a revenue of 225.7 billion won. Operating profit reached 24.2 billion won, an increase of 101.8% year-on-year. Net profit recorded 12.6 billion won, a figure that increased by 33.3% compared to the previous year.
Despite the slowdown in overseas demand, the efficiency of supply chains in the North American market and localized strategies proved effective. A TYM representative noted, "The efficiency of the supply chain based at the Northeast campus, the expansion of the dealer network, and the localized product strategy in the North American market have led to tangible results."
TYM recorded a cumulative revenue of 488.3 billion won and an operating profit of 39.6 billion won in the first half of this year.
However, there are analyses suggesting that the 15% tariff imposed by the United States, effective on the 7th (Eastern Time), may impact the performance in the second half of the year. TYM plans to maintain its price competitiveness by focusing on high-revenue items and responding locally.