Poongsan(103140) said in a filing on the 31st that, on a consolidation financial statement basis, it was tentatively tallied to have posted second-quarter revenue of 1.4703 trillion won and operating profit of 125.2 billion won this year.
According to the Financial Supervisory Service's electronic disclosure system, revenue rose 13.6% from a year earlier, and operating profit increased 33.8%. Second-quarter net profit was 82.5 billion won, up 28.5% from the same period last year.
By institutional sector, the rolled copper (copper) sector improved its results thanks to price hikes, expanded sales of copper products for artificial intelligence (AI) industries, and diversification of export destinations. In the defense sector, despite a recovery in U.S. sporting ammunition demand, results partially deteriorated due to acceptance test delays and shipment delays to the Middle East.
On a cumulative basis for the first half of this year, revenue was 2.7412 trillion won, up 11.9% from a year earlier. Cumulative operating profit was 215.4 billion won, up 31.9%, and net profit was 160.5 billion won, up 51.7% from the same period last year.