Kolon ENP disclosed on the 10th that it posted third-quarter sales of 120.2 billion won and operating profit of 13.3 billion won this year.
Sales fell 2.1% from the same period a year earlier, but operating profit rose 33.1%.
Kolon ENP cited strengthening its product portfolio around premium materials, such as high rigidity, low odor, and high viscosity, as the reason for the earnings increase. In particular, it said the expanded share of high-margin application products such as shielding materials and connectors led to the rise in operating profit.
Kolon ENP noted that despite stagnation in the commodity product market due to a slowdown in global demand, it is shifting to a profit structure centered on high value-added offerings.
A Kolon ENP official said, "Despite external uncertainties such as continued delays in U.S. tariff negotiations in the third quarter, we improved results by increasing sales of premium products for non-automotive uses," adding, "We will continue to strengthen the foundation for sustainable growth by expanding the supply of differentiated, high value-added specialized materials tailored to customer needs."