SK Magic Surpasses 1 Trillion Won in Sales Last Year... 'Record-Breaking Performance'
17.3% Increase in Sales and 3.0% Rise in Operating Profit Year-on-Year
Sales Reach 1.0246 Trillion Won...Significant Improvement in Growth and Profitability
Future Value Overestimated...“Will Strengthen Competitiveness for Sustainable Growth”
SK Magic announced on the 15th that it recorded its highest performance since its founding, surpassing 1 trillion won in sales last year and achieving an operating profit of 81.8 billion won. Photo by SK Magic
View original image[Asia Economy Reporter Kim Heeyoon] SK Magic announced on the 15th that it recorded its best performance since its establishment, surpassing 1 trillion KRW in sales last year and achieving an operating profit of 81.8 billion KRW.
According to SK Magic, last year's sales reached 1.0246 trillion KRW (consolidated basis), a 17.3% increase from the previous year, and operating profit recorded 81.8 billion KRW, a 3.0% increase. The cumulative rental accounts exceeded 2 million.
Since SK Magic was incorporated into SK Networks in November 2016, sales have increased 2.2 times and cumulative rental accounts have grown 2.1 times over four years. Applying the pre-accounting change standards, operating profit increased 3.1 times to 97.2 billion KRW.
The investment industry also evaluated SK Magic as a company with even higher future growth value. The credit rating outlook was upgraded one notch from A0 (Stable) to A0 (Positive), which attests to this achievement.
SK Magic plans to continue sustainable growth by discovering momentum for securing differentiated competitiveness and growth. The key tasks for this include ▲ building new business models ▲ developing differentiated products and new items ▲ promoting ESG (Environmental, Social, and Governance) management ▲ generating global business results.
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Yoon Yoseop, CEO of SK Magic, said, "To achieve SK Magic's new vision, we must constantly change and innovate by breaking the existing market rules and raising product quality and service levels to the industry's highest standards," adding, "We will spare no investment to enhance customer value through research and development, quality, customer service, and brand trust."
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