Hancom Reports 319.3 Billion KRW in Sales Last Year... "Largest Since Establishment"

[Asia Economy Reporter Buaeri] Hancom announced on the 21st that it recorded consolidated sales of 319.3 billion KRW and operating profit of 33.2 billion KRW for last year.

On a separate basis, it reported sales of 100.3 billion KRW and operating profit of 28.2 billion KRW. Both consolidated and separate sales represent the highest sales performance since the company's founding.

Hancom recognized Hancom MDS as a consolidated subsidiary last year, resulting in a 50% increase in sales compared to the previous year. Separate sales increased by 3.8% during the same period.

Separate operating profit increased by 12.6% year-on-year despite increased new investments in research and development for new products such as 'Hancom Office 2020' and the AI translation device 'Genie Talk Go', thanks to cost efficiency improvements.

In terms of consolidated operating profit, investment costs rose for new service development and expansion of affiliates such as Hancom MDS, and non-business issues such as the suspension of government budgets for some items of Hancom Lifecare caused a 21.75% decrease compared to the previous year.

Hancom stated, "These issues were all resolved during last year, and new products strategically launched by Hancom Lifecare, such as yellow dust protection masks and personal fire kits, are receiving very positive responses both domestically and overseas. Therefore, we expect significant improvements not only in sales but also in profitability this year."

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