Huvis (CEO / Yoo, Bea Keun), the leading cutting-edge chemical and fiber materials company, announced through its disclosure of potential results on the 29th that it is expected to achieve sales of KRW 348.5 billion, operating profit of KRW 16.5 billion, and current net income of KRW 14.1 billion in 2014 Q2. 

While sales at Huvis showed a slight decrease (1.4%) from the previous quarter (2014 Q1), its operating profit and current net income increased by 29.9% and 67.0% respectively.

Compared year-on-year (2013 Q2), sales and operating profit decreased by 9.4% and 4.0% respectively, while pre-tax profit and current net income increased by 8.1% and 11.0% respectively.

“The continuous boom in the demand for key staple fiber products as well as the effect of increasing bonding fiber LMF at the end of last year were reflected as the results, which proved to be effective,” said a Huvis official.

He added, “The sales environment is not easy, especially with the exchange rate, but the reflection of the differentiated product portfolio strategy on the results will lead to good performance in the second half of the year.”