KOSDAQ Companies' Q1 Sales Increase by 7%, Operating Profit Decreases by 23%

Analysis of 944 December Fiscal Year-End Corporations... Debt Ratio Rises 10.18%p Year-on-Year to 118.10%

[Asia Economy Reporter Geum Bo-ryeong] In the first quarter of this year, the performance of KOSDAQ companies showed an increase in sales compared to last year, but a decrease in operating profit.

According to the Korea Exchange on the 19th, the consolidated sales of KOSDAQ market companies with December fiscal year-end for the first quarter of this year amounted to 47.2151 trillion KRW, an increase of 6.71% compared to the same period last year. Operating profit and net profit decreased by 22.88% and 35.17%, respectively, to 1.7636 trillion KRW and 1.1369 trillion KRW. The debt ratio rose by 10.18 percentage points from the previous year to 118.10%.

By industry, the IT sector (351 companies) saw sales increase by 4.36% compared to last year, while operating profit and net profit decreased by 9.49% and 1.31%, respectively. In particular, IT software and services recorded sales and operating profit growth of 10.13% and 16.11%, respectively, while net profit decreased by 2.23%.

Non-IT sectors (593 companies) overall experienced a 7.97% increase in sales compared to the previous year. However, operating profit and net profit fell sharply by 31.13% and 56.79%, respectively.

Looking at the year-on-year changes in consolidated sales by industry, sectors with increased sales included distribution (35.11%), finance (23.74%), agriculture and forestry (14.02%), and other services (7.62%), while sectors with decreased sales included construction (-2.60%), transportation (-9.03%), and accommodation and food services (-34.37%). Regarding operating profit changes compared to the previous year, sectors with increases included entertainment and culture (763.61%), agriculture and forestry (68.44%), and transportation (39.87%), while sectors with decreases included finance (-27.10%), manufacturing (-27.67%), and distribution (-56.06%).

Companies recording profits numbered 564, accounting for 59.75%, while 380 companies (40.25%) recorded losses.

The analysis covered 944 companies out of 1,061 companies with December fiscal year-end. 117 companies were excluded from the analysis due to reasons such as non-submission of reports, delisting reasons, foreign companies, fiscal year changes, and spin-offs or mergers.

Meanwhile, the individual and separate financial results of KOSDAQ market companies with December fiscal year-end showed sales of 32.8859 trillion KRW, an increase of 3.59% compared to the same period last year, while operating profit and net profit decreased by 4.56% and 4.17%, respectively.

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