Kolon Industries said on May 8 that, based on consolidation, first-quarter revenue was 1.2374 trillion won and operating profit was 61.9 billion won in a preliminary tally.
First-quarter revenue rose 0.5% from a year earlier, and operating profit increased 130%. Compared with the previous quarter, revenue grew 2.9% and operating profit jumped 534.3%.
Kolon Industries' strong first-quarter results were driven by steady gains from operations-efficiency projects despite ongoing external uncertainty. Expanded sales of key products such as aramid, engineering plastics, and petroleum resin also contributed.
In the industrial materials division, increased sales of aramid and engineering plastics led revenue growth. In addition, expanded sales of high value-added product lines helped improve operating profit.
In the chemicals division, the resumption of petroleum resin production and expanded sales to clients pushed up revenue and operating profit from both a year earlier and the previous quarter. In the fashion division, with consumer sentiment recovering, efficient product allocation aligned with weather changes and strong sales of new items lifted revenue from a year earlier, and operating profit swung to a surplus.
A Kolon Industries official said, "We will continue to build a foundation for sustainable growth by expanding high value-added product lines alongside operations efficiency."