[Edaily Reporter Park Jung-Soo ] ESSEN TECH CO., LTD.(043340)raised expectations for improved earnings by forecasting that its operating profit for the first half of this year will approach last year’s full-year figure.

ESSEN TECH CO., LTD., a company specializing in refrigeration and air conditioning components, announced on the 24th that it expects first-half revenue and operating profit to reach 33 billion won and 1.8 billion won, respectively. This represents a 20.2% increase in revenue and a 103.3% increase in operating profit compared to the same period last year. Notably, the first-half operating profit is close to last year’s full-year operating profit of 2 billion won.
The company explained that expanded exports and operational efficiency are driving this improvement in performance.
Based on the technological expertise it has accumulated in the field of valves for refrigeration and air conditioning, ESSEN TECH CO., LTD. is strengthening its push into overseas markets. The company is steadily expanding the proportion of exports centered on its flagship product, refrigerant ball valves, and the recent exchange rate environment is also seen as having a positive effect on its export competitiveness.
Analysts attribute the improvement in profitability to the restructuring and operational efficiency initiatives carried out last year.
The company plans to expand its lineup of products in response to the trend toward eco-friendly refrigerants and accelerate its push into global markets. Its strategy is to strengthen its position in overseas markets and secure a foundation for sustained growth through these efforts.
Kim Seong-beom, CEO of ESSEN TECH CO., LTD., stated, “The trend of improved performance is continuing as the expansion of overseas sales of our flagship product—refrigerant ball valves—aligns with the effects of our structural improvements.” He added, “We expect this year to be a turning point where we not only restore profitability but also elevate our competitiveness in the global market to the next level.”