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Seoul Semiconductor Reports Second Quarter Operating Profit up 70% on Year
Seoul Semiconductor Co., Ltd. (“Seoul”) (KOSDAQ 046890), a leading global compound semiconductor provider, reported KRW 336.8 billion of consolidated revenues and KRW 23.4 billion of operating profit (6.9% margin) for the second quarter, each growing by 25.6% and 70.3% year on year. Net profit for the first half reached KRW 43.9 billion, already exceeding 2020 full year net profit of 29.0 billion, which implies higher dividend income opportunities for investors towards year-end. Second quarter revenue of KRW 336.8 billion is the record high quarterly revenue. Double digit growth continued across all divisions including Display, General Lighting and Automotive, while the…
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