Huvis (CEO Kim, Suk Hyun, 079980), specializing in chemical and fiber materials, announced on the 13th that it recorded revenue of 224.5 billion won, operating profit of 2.5 billion won, and net income of 9 billion won for the second quarter of 2025 (based on consolidated financial statements).
Based on the consolidated financial statements, revenue decreased by 6.6% year-on-year (Q2 2024), but operating profit and net income improved by 7.2 billion won and 27.5 billion won, respectively. For quarter-on-quarter (Q1 2025), despite revenue decreased by 6.5%, net income improved by 5.7 billion won, continuing the trend of improved performance from the first quarter.
“We analyzed that the main reasons for the improved outcomes include the expansion of sales of cooling and eco-friendly fibers, the continued effect of exports due to the high exchange rate, and the stabilization of major raw material prices,” a Huvis official said. “With growing importance of recycling and bio-based polyester technology, we will further strengthen our eco-friendly product portfolio in line with the plastic-free environmental policy.”
In addition, Huvis is promoting financial restructuring with liquidity secured through the sale of non-business assets, and plans to continue improving profits in the second half of the year by expanding sales of differentiated products, securing cost competitiveness, and operating assets efficiently.
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