SoluM posts record first quarter 

Electronic component firm SoluM said on Friday that it has recorded its best first quarter performance to date.

It said it recorded 234.2 billion won in sales and 12.3 billion won in operating income in the first quarter.

Sales and operating income jumped 29.1% and 19.6%, respectively, from a year prior. It is SoluM’s best performance for a first quarter to date, it said.

Net income in the quarter was also 11.5 billion won.

SoluM credited the growth of its electronic shelf label and IoT businesses.

These new businesses saw their combined sales increase 146% from a year prior during the quarter. Together they contributed 6.2 billion won in operating income, SoluM said.