EnerTalk Reports Operating Profit of 300 Million KRW Last Year, Up 77% Year-on-Year

[Asia Economy Reporter Minji Lee] EnerTalk announced on the 2nd that its operating profit grew by 77.2% last year, reaching 389.53 million KRW. Sales decreased by 2.29% to 22.9 billion KRW, and net profit declined by 24.3% to 369.67 million KRW.

The company explained, "Operating profit improved through cost and expense reductions, but sales continued to decline due to poor performance of the Vietnam subsidiary and excessive competition from domestic and international companies," adding, "Net income decreased due to impairment of intangible assets."

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