PR
Taihan announced its tentative consolidated financial results for 2023
On the 23rd, Taihan announced its tentative consolidated financial results for 2023, achieving sales of KRW 2,845 billion and an operating profit of KRW 78.4 billion. This represents a 16% increase in sales from KRW 2,450 billion in 2022 and a 63% growth in operating profit from KRW 48.2 billion. The net profit for the year stood at KRW 67.0 billion, marking a substantial 207% expansion from the previous year's KRW 21.8 billion.
Last year's operating profit and net profit marked the highest performance in 15 years since 2008. Additionally, the sales reached the highest figure in 12 years since 2011.
The backdrop of the outstanding performance can be attributed to the expansion of orders in key global markets such as the United States, Europe, and the Middle East. Since its integration into Hoban Group in 2021, Taihan has been able to create a stable management environment, allowing a focus on its core business. The company has been actively pursuing strategies to penetrate global markets.
