[Edaily Reporter Shin Ha-yeon ] SENKO Co.,Ltd.(347000)announced on the 12th that its cumulative consolidated revenue for the first three quarters of this year reached 32.6 billion won, a 35% increase compared to the same period last year. Operating profit for the same period rose 33% to 2.2 billion won.
On a standalone basis for the third quarter, revenue and operating profit totaled 11.1 billion won and 960 million won, respectively, both posting double-digit growth rates compared to the same period last year. The company explained that expanded sales of industrial gas detectors overseas and increased revenue from domestic semiconductor clients drove this performance growth. (Photo: SENKO Co.,Ltd.) Overseas sales growth was particularly notable. As demand rose for gas detectors—which protect workers and equipment by detecting gas leaks early in industrial settings—cumulative overseas sales for the third quarter increased by 47% year-over-year. Overseas sales accounted for more than half of total cumulative sales, and 71% of the year-over-year increase in total sales came from overseas markets.
Domestic sales also grew. As the supply of gas detectors to SK hynix expanded, cumulative domestic sales rose 21% year-over-year.
Gas detectors are used in semiconductor production facilities to monitor for leaks of various gases used in the manufacturing process. Based on its experience supplying existing semiconductor customers, SENKO Co.,Ltd. plans to secure additional supply opportunities during future production line construction and expansion projects.
SENKO Co.,Ltd. is a company that develops and manufactures industrial gas sensors and gas detectors. It supplies products necessary for gas leak detection and safety management at industrial sites and is expanding its business primarily to overseas industrial facilities and domestic semiconductor production facilities.
However, despite increases in revenue and operating profit, net income declined. Cumulative consolidated net income for the first three quarters decreased due to a base effect resulting from a one-time gain on the disposal of assets recorded in the same period last year. On a standalone basis for the third quarter, the company posted a net loss as foreign exchange losses and foreign currency translation losses were reflected in financial expenses.
The company plans to expand sales of gas detectors to meet safety management demand across various overseas industries, while in Korea, it will focus on increasing the number of suppliers and projects for products used in semiconductor processes.
SENKO Co.,Ltd. stated, “Amid rising demand for gas detectors at overseas industrial sites, sales to domestic semiconductor clients also contributed to our growth,” adding, “Overseas, we will expand sales to meet industry-specific safety management needs, and domestically, we will identify new projects based on our experience supplying gas detectors for semiconductor processes.”
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