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| (사진= 영풍 홈페이지 캡처) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Youngpoong succeeded in turning into an operating profit surplus last year by achieving record-high sales based on consolidated financial statements thanks to the strong performance of its key affiliates in the electronics sector.
On the 14th, Youngpoong announced that it achieved consolidated sales of 4.4294 trillion won, operating profit of 68.8 billion won, and net profit of 415.5 billion won last year.
Compared to 2021, sales rose 23.6% and net profit rose 144%, while operating profit turned from deficit to surplus. In particular, Youngpoong's consolidated sales exceeded KRW 4 trillion for the first time in 74 years since the company was founded in 1949.
The strong performance was led by Youngpoong Electronics, Korea Circuit and Interflex, as well as affiliates in the electronics sector, which mainly focus on manufacturing printed circuit boards (PCB). Sales in the electronics sector reached 2.9942 trillion won, up 16.3 percent from 2021. This accounts for 67% of Youngpoong's total sales last year.
Youngpoong plans to focus on improving profitability and continuing its surplus by improving its constitution such as cutting costs and achieving production goals, although uncertainties in the external management environment such as the global economic downturn are expected to continue this year.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
