[Infostock Daily=Reporter Lee Ji-sun] According to the SK Innovation business report on the 21st, the Hungarian corporation (SKBH) posted an operating profit of 690 million won last year, a turnaround from the previous year (19.5 billion won loss).
During this period, sales increased more than 210 times from 1.7 billion won to 357.2 billion won. The entiy still posted loss, but the loss fell sharply from 17.3 billion won to 3.7 billion won.
SKBH's earnings improvement is attributed to the full-fledged operation of the plant in Komarom last year.
The Hungary plant was completed in the fourth quarter of 2019, and it began full production from the first quarter of 2020. The second plant began its construction in the first quarter of 2019 and it is expected to start mass production in the first quarter of 2022.
Following the operation of the first plant at an annual scale of 7.5GWh, the second plant is under construction at a scale of 9.8GWh.
Reporter Lee Ji-sun stockmk2020@gmail.com
