[Edaily Reporter Park Jung-Soo ] Global leisure company KX Innovation(122450)announced on the 19th that it recorded consolidated revenue of 183.9 billion won and operating profit of 29.0 billion won in the first half of this year. These figures represent increases of 12.6% and 66.5%, respectively, compared to the same period last year.
The company explained that balanced growth across its core business segments—manufacturing and leisure—drove the improvement in performance.
KX HITECH (052900), a major subsidiary responsible for the manufacturing division, showed strong growth driven by expanded investment in artificial intelligence (AI) data centers and increased demand for high-performance, high-capacity eSSDs. KX HITECH’s consolidated revenue for the first half of the year was 76.2 billion won, and operating profit was 14.8 billion won, representing increases of 27% and 827%, respectively, compared to the same period last year.
The company explained that this growth was driven by operating its Vietnamese subsidiary at full capacity and expanding production facilities to meet the demand for high-performance, high-capacity eSSDs, as well as improved performance at its subsidiary, KX Innovation.
In the leisure sector, the seasonal peak in the second quarter and the inclusion of earnings from Japan’s “Tojonomori CC”—acquired last year—contributed to improved profitability. KX Innovation is also expanding its overseas leisure business through projects such as the development of a mixed-use leisure complex in Clark, Philippines, and a golf resort in Hue Province, Vietnam.
KX Innovation plans to maintain its growth momentum in the second half of the year by strengthening the competitiveness of its core businesses and expanding synergies among its major affiliates.
A KX Innovation official stated, “In the first half of this year, our core business segments, including manufacturing and leisure, grew evenly, strengthening our earnings structure,” adding, “In the second half, we will strive for sustained earnings growth and enhanced corporate value through the performance of the leisure sector, the expansion of our global network, and the maximization of synergies among our affiliates.”