Gaon Cable posts record Q1 operating profit on US AI data center demand

Gaon Cable recorded operating profit of 27.8 billion won in the first quarter of this year, marking its highest quarterly result ever. The performance was driven by increased exports linked to the expansion of artificial intelligence data centers in the United States and the full-scale growth of its US production subsidiary. Expanded busduct supply to major US big tech companies was also cited as a contributor to sales growth. As investment in AI data centers rises, demand for power infrastructure products has increased, giving Gaon Cable a favorable business backdrop. The company is benefiting from stronger US-based production and export growth. Source: mk.co.kr.