Rayence Announces Full Year 2021 Financial Results
- Sales in all business areas evenly increased with sales and operating profit increased by 32.5%, 193.4% respectively
Rayence, a company specialized in digital X-ray imaging solutions, announced its yearly fiscal results.
Revenue increased 32.5% to 1.345.2 billion won and operating profit rose by 193.4% with 247.5 billion won respectively. Compared to 2019, before COVID-19, sales increased by 6.6% and Operating profit by 8.4%. Profit before income tax was 207 billion won and Net profit was 139.6 billion won, turning to the black from the previous year.
Along with a recovery on demand, which was affected by COVID-19 in the market, the company’s differentiated products and sales operations contributed to increase in sales of all sectors. Dental detectors (+48%), medical detectors (+15%), industrial detectors (+38%), vet detectors and medical device businesses (+37%).
Rayence aims to continue the growth trend this year by ramping up industrial and medical detectors sales in addition to the growth of dental detector sales.