[Public Notice+] WI Achieves Operating Profit of 900 Million KRW Last Year... "Successful Turnaround to Profit"

[Asia Economy Reporter Hyunseok Yoo] Double U I (WI) announced on the 12th that it achieved sales of 25.2 billion KRW, operating profit of 940 million KRW, and net profit of 1 billion KRW last year.

Sales increased by more than 30% from 19.2 billion KRW in 2018 to 25.2 billion KRW last year. Operating profit and net profit turned positive. Double U I explained that the merger with With Mobile in 2019 and the disposal of subsidiaries improved its sales and profit structure.

A company official said, “Last year, results were generated through the sales of mobile accessories and automotive electronics products applying the Kakao Friends IP,” adding, “We signed a license agreement with Mercedes-Benz last year and are preparing to launch products this year, and we also plan to release collaboration products with global electronics companies.” He continued, “Double U I will secure additional major domestic and international IPs this year to continuously improve performance as well as maintain market leadership.”

Meanwhile, besides the mobile accessories and automotive electronics business, Double U I is expanding its entry into promising bio businesses by investing in Abatherapeutics, a developer of AAV gene therapy drugs.

This content was produced with the assistance of AI translation services.