Cosmo Materials announced on the 22nd that it recorded 137.7 billion won in sales and 4.6 billion won in operating profit in the second quarter. The figures are up 15% and 780%, respectively, compared to the same period last year. "We have recorded a surplus for 26 consecutive quarters, proving our ability to generate stable profits despite external uncertainties," a Cosmo New Materials official said.
Cosmosin Materials analyzed that stable orders for MLCC (stacked ceramic capacitors) due to the strong artificial intelligence (AI) and semiconductor industries served as a support for its performance. The secondary battery cathode material business has also entered a recovery phase as the utilization rate of production facilities has recovered compared to the previous quarter.
An official from Cosmo New Materials said, "We will respond aggressively to the market in the second half of the year."
