[Edaily Reporter Shin Ha-yeon ] Newintec ( NUIN TEK CO., LTD(012340)), a company specializing in capacitors and deposition films for eco-friendly vehicles, succeeded in turning its operating profit positive alongside revenue growth in the first half of the year.

NUIN TEK CO., LTD announced on the 5th that its consolidated revenue for the first half of this year reached 49.619 billion won, a 17.7% increase compared to the same period last year. During the same period, operating profit stood at 257 million won, marking a turnaround from the 2.22 billion won operating loss recorded in the first half of last year.

On a second-quarter basis, consolidated revenue reached 26.519 billion won, a 23.1% increase year-over-year, while operating profit stood at 233 million won, marking a turnaround from the 1.656 billion won operating loss recorded in the second quarter of last year.

On a standalone basis, first-half revenue also increased by 23% compared to the same period last year. By business segment, the company explained that balanced growth in its core businesses—with automotive capacitor sales up 30% and sputtered film sales up 11%—drove the improvement in performance.

The company expects revenue growth and improved profitability to continue in the second half of the year, as the growth momentum in vapor-deposited films and automotive capacitors persists, coupled with additional revenue from power capacitors.

NUIN TEK CO., LTD. official stated, “We have laid the foundation for a recovery in performance through increased sales in our core businesses and a return to operating profit in the first half,” adding, “In the second half, we will build a stable profit structure by maintaining the growth momentum of vapor-deposited films and automotive capacitors while expanding sales of power capacitors.”

The official added, “We will strive to demonstrate tangible results in enhancing corporate value based on responsible management.”

Meanwhile, NUIN TEK CO., LTD recently completed the subscription of a 3 billion won third-party private placement in which CEO Jang Ki-soo, the company’s largest shareholder, participated. Building on the largest shareholder’s direct participation and the return to operating profit in the first half, the company plans to secure a stable earnings base and focus on enhancing corporate and shareholder value.