STraffic, 3rd quarter cumulative operating profit of KRW 5 billion... 131% increase compared to the previous year

Entered: 2023-11-14 16:33 Reporter Kyung-ae Ahn

STraffic, a global transportation solutions company, announced on the 14th that its accumulated operating profit on a consolidated basis in the third quarter was KRW 5 billion, a 131% increase compared to the same period last year.

Cumulative sales on a consolidated basis were KRW 80.8 billion, up 9% compared to the same period last year.

Profitability improved mainly in various projects being carried out in the road and railway sectors. In the road sector, the Bangladesh Padma Bridge and N8 Expressway facility construction project and the Korea Expressway Corporation's toll adjustment machine installation and construction project led to performance growth. In the railway sector, the Samsung-Dongtan Metropolitan Area High-Speed Railway train control system, the construction of high-speed railway electronic interlocking devices, the Seoul Transportation Corporation's speed dog marking system, and the Washington WMATA automatic dog marking system upgrade project contributed to sales growth.

STraffic has recently continued to win business orders and is revealing its outlook for future performance. In addition to the 15.3 billion won worth of Busan Metro Yangsan Line train control system installation project, a 10.1 billion won contract was signed for the Busan Metro Lines 2 to 4 integrated wireless network (LTE-R) construction project. In overseas markets, we are expanding our anti-riding solutions through a $5.09 million (approximately KRW 6.9 billion) contract to supply gates to the AFC subway in San Francisco, USA.

An STraffic official said, "We are smoothly carrying out various projects received at home and abroad and have improved profitability through management efficiency. We are developing next-generation transportation solutions such as UAM (Urban Air Transportation) and smart tolling and smart stations that are being commercialized at home and abroad." “We will further expand our distribution to the global market and strengthen our future growth engines,” he said.

STraffic is a transportation solution specialist that produces and supplies solutions for the smooth operation of each transportation sector, including roads, railroads, and aviation. We are expanding our presence not only in Korea but also in global markets such as the United States. Reporter Gyeong-ae Ahn naturean@dt.co.kr

Original Source : 에스트래픽, 3분기 누적 영업익 50억…전년比 131% 증가 - 디지털타임스 (dt.co.kr)