KCC experienced sluggish performance in the institutional sector of building materials due to a downturn in the construction market, but its silicone sector performed relatively well, maintaining revenue levels similar to last year.
KCC announced on the 4th that its consolidated operating profit for the second quarter was 140.4 billion won, a decrease of 0.1% compared to the same period last year. Sales were 1.7053 trillion won, down 4.1% from the same period last year.
Net profit turned positive at 89.33 billion won. KCC explained that it realized profits as the value of its shares, including those of Samsung C&T, increased.
A KCC official noted, "The institutional sector of building materials is affected by a difficult market environment, but we recorded performance similar to last year through a diverse portfolio including silicone and coatings."