Rayence Reports Q1 Preliminary Results
- Sales increased by 15% based on service enhancement, recording the all-time highest Q1 sales
Rayence, a company specialized in digital X-ray imaging solutions, announced its 2022 Q1 fiscal results, with 361.1 billion won revenue with 15% increase compared to Q1 2021. Operating profit and Profit before income tax recorded 61.2 billion won and 65.7 billion won respectively. Net profit was 50.3 billion won.
Sales of dental X-ray detectors increased 9% YoY following increased demand for dental X-rays/CTs. Sales of medical X-ray detectors also rose by 25% compared to the same period last year. Sales in all business areas increased evenly, with growth in the new market areas such as industrial detectors (+12%) and animal detectors (+16%).
Rayence aims to strengthen its services in the second half of the year to expand its customer base and focus on securing global suppliers in the industrial market.