- Rapid Revenue Growth in the First Half of the Year… Indicated Confidence in Enhanced Corporate Value through Improved Performance
Executives of KEC, a company specializing in non-memory semi-conductors, including President Chang-sup Hwang indicated their will to reinforce responsible management and enhance shareholder value.
KEC stated that 7 executive members purchased 174,930 units of treasury stocks, from 2nd of this month to 17th, including 32,250 units purchase by President Chang-sup Hwang.
The person concerned mentioned that “Executives including President largely purchasing treasury stocks indicate the will to actively participate in responsible management and enhance shareholder value through future improvements in the outcome.”
Consolidated revenue of KEC in the first half of this year was 114 billion 579 million 990 thousand KRW, business profit in the same period was 4 billion 195 million 520 thousand KRW, and net profit in the same period was 3 billion 635 million KRW. Compared to those in the same period previous business year, revenue increased by 4, and business profit and net profit increased by 227 and 125, respectively, indicating tremendous growth.
The person concerned mentioned that “as demands in semiconductor and IT increases because of global economic recovery and results of endeavors for improvement in business structure are actualized, financial performance has been continuously indicating the growth since the 4th quarter of the last business year.”
KEC is accelerating its takeover in world electric automobile component market, through joint development of the first “BMS diode module for electric automobile” in Korea, with LG Chem, which was completed in last July. KEC, which has been focusing on semiconductor industry for 49 years since its establishment in 1969, is pursuing change by expanding its target market from consumer market including smart phone and appliances to automotive and industrial semiconductor market, to keep up with the waves of recent 4th industrial revolution.