EightOne, Audit Opinion 'Unqualified'... "Last Year Operating Profit Turned Positive Both Consolidated and Separate"
[Asia Economy Reporter Yoo Hyun-seok] Eightone, a KOSDAQ-listed company, announced on the 12th that its consolidated operating profit last year was 600 million KRW, and its separate operating profit was 500 million KRW, both turning to black. During the same period, consolidated and separate sales were 10.6 billion KRW and 6.9 billion KRW respectively, slightly decreasing compared to the previous year, but the company explained that overall profitability improved.
The company stated that despite adverse conditions such as decreased sales due to the overall economic downturn caused by COVID-19, it succeeded in improving profitability through structural improvements like transitioning to a professional management system and strengthening business fundamentals. The audit report received an unqualified opinion without any issues.
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An Eightone official said, “Last year, including the appointment of a new CEO, we made efforts to advance the audit and business report disclosure schedule as much as possible to alleviate some unfounded concerns such as deficit risks raised in the market. Since the overall financial improvements continued last year, this year we will accelerate growth by introducing various convergent contents in the new XR business sector related to the metaverse, which is emerging as a key topic.”
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