Seegene Inc. reported earnings results for the second quarter and first half ended June 30, 2021. For the quarter, the company reported KRW 303.7 billion ($269.1 million) in total sales, an 11% increase from the same period of the previous year. Operating profit slightly declined year-over-year to KRW 144.2 billion ($127.8 million) as the company has adopted various strategies for its long-term growthincluding investments in R&D an recruiting talented personnel who majored in molecular diagnostics.
For the first half, the company posted solid revenue growth in the first half of 2021 at KRW 655.5 billion ($580.8 million), representing a whopping 84% growth from first half of 2020 and 58% achievement of the annual revenue of 2020. Although the company's sales in the second quarter rose year-over-year, it showed a 14% decline compared to the previous quarter.