[Featured Stock] MobileLeader Plummets Amid Profitability Deterioration
[Asia Economy Reporter Minji Lee] MobileLeader, a provider of financial solutions, is experiencing a sharp decline following news that its profitability significantly decreased last year.
At 9:32 AM on the 5th, MobileLeader was trading on the KOSDAQ market at 20,650 KRW, down 11.8% from the previous session.
In a disclosure yesterday, MobileLeader announced that its preliminary operating profit for the fourth quarter was 1.1 billion KRW, a 20.4% decrease compared to the previous year. The cumulative annual operating profit stands at 4.755 billion KRW.
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MobileLeader supplies digital computerization solutions to major domestic financial institutions. Due to the expansion of office environment computerization and automation (RPA) markets, securities analysts had estimated last year's annual operating profit to be around 9 billion KRW.
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