Fingerprint module-maker CrucialTec has been recognized for its efforts to promote management transparency and contributions to the tech-heavy KOSDAQ market.
The Pangyo-headquartered company won an award along with nine other KOSDAQ-listed firms, including CJ O’shopping, Seohee Construction and Spigen Korea, from Korea Exchange, the nation’s sole stock exchange operator, for receiving the highest scores in an annual assessment for 1,100 KOSDAQ firms.
CrucialTec CEO Charles Ahn poses with the firm’s fingerprint modules.(CrucialTec)
In the assessment, the KRX reviewed a wide range of criteria, including the level of diligence and accuracy in public announcements, and the number of investor relations meetings held in a year.
Riding the wave of biometric authentication technology in the global mobile device sector, the fingerprint module firm was able to move into the black last year after three years of operating losses.
The company logged revenue of 257.7 billion won ($213.8 million) in 2015 with its operating profit standing at 14.4 billion won. The net profit in the same year came in at 11.4 billion won.
The revenue decreased 38 percent on-year as the company removed the sales figures of its two affiliates, Samwooems and CrucialChips, from its consolidated financial report.
The award comes with a series of benefits, such as exemption from annual training programs for public announcement and preliminary reviewing processes required before releasing public notices.
“CrucialTec makes full use of the information disclosure system to offer important information in a timely manner to interested parties,” the company said in a statement, adding “it will continue to comply with the posting regulations of the exchange to boost investor trust and its corporate value.”
By Kim Young-won (
wone0102@heraldcorp.com)
