UPDATED. 2024-04-11 10:05 (목)
Synopex turns to the red in Q3
Synopex turns to the red in Q3
  • Gijong Lee
  • 승인 2020.11.16 17:57
  • 댓글 0
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COVID-19 and increased spending the cause
Image: Synopex
Image: Synopex

Synopex posted an operating loss of 1.8 billion won and sales of 76.9 billion won in the third quarter, the company said.

Sales jumped 41% from a year ago and is its highest quarterly sales in six years, the firm said.

In 2015, Synopex turned its business to focus on flexible printed circuit board-based IT components and membrane filters.

The firm said investments into new facilities, increased research spending, the COVID-19 pandemic and intensifying competition contributed to the loss.

Synopex was expanding its e-PTFE membrane and melt-blown filter facilities.

The company also acquired a new factory in Vietnam during the quarter.

Synopex stressed that it secured more orders this year compared to a year ago.

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