PR
Taihan announced the first quarter based on the consolidated financial statements
Taihan has formally disclosed its sales revenue of KRW 788.5 billion and operating profits of KRW 28.8 billion for the first quarter based on the consolidated financial statements. Compared to the same period for the previous year, this represents a 12% increase in sales revenue from KRW 703.9 billion and a 63% increase in operating profit from KRW 17.7 billion.
By achieving nearly KRW 800 billion in sales this quarter, Taihan has reached its highest sales revenue since the second quarter of 2011. With operating profits of KRW 28.8 billion, the company has also accomplished its best performance in 54 quarters since the second quarter of 2010.
The primary factor in this performance improvement is attributed to an increase in sales based on a substantial order backlog. With the rise in demand for power grids driven by advancements in artificial intelligence and the growing utilization of renewable energy sources as the need to replace outdated power grids becomes imminent, Taihan has broadened its order base by prioritizing high-profit product categories within its key markets including the United States, Europe, and the Middle East.
