Monday, August 19th, 2013
On the same day, KDB Daewoo Securities said that the company's 2013 operating profit would triple from that of last year's due to a series of new product launches. Lee Wang-seop, KDB Daewoo Securities analyst, said, "Nano Chem Tech is a company specializing in the development and manufacture of polymers and related products such as conducting coating solutions, advanced materials, anti-static films for mobile LCD and keypad process applications. It suffered a setback in 2011 due to a downturn in the display industry. But it turned around in 2012, followed in 2013 by a rapid increase in sales and profit owing to a sales rise in existing product lineups and new products."
The company's consolidated sales revenue and operating profit for the year are estimated at 99.5 billion won and 7.4 billion won, respectively, up 31 percent and 278 percent from the previous year.