FSN Reports Operating Profit of 6.1 Billion KRW in H1, Up 703% YoY... "Achieves Record High Performance"

[Asia Economy Reporter Jang Hyowon] Future Stream Networks (hereinafter FSN), a comprehensive digital marketing specialist company, achieved its highest performance in the first half of this year.

On the 17th, FSN announced that its consolidated sales for the first half of this year reached 101 billion KRW, an increase of about 43% compared to the same period last year, and operating profit recorded 6.1 billion KRW, an increase of about 703%.

FSN, which succeeded in turning a profit by recording an operating profit of 2.3 billion KRW in the first quarter, also achieved an operating profit of 3.9 billion KRW in the second quarter, setting a record for the highest performance in the first half. Net profit, which recorded a loss of 400 million KRW in the first quarter, achieved 4.2 billion KRW in the second quarter, resulting in a net profit turnaround of 3.8 billion KRW for the first half.

The company stated that along with the performance of the brand commerce new business sector, which has been continuing a streak of monthly record performances this year, the second quarter also recorded steady growth across all business sectors following the first quarter. FSN recorded all-around growth in the first half of this year compared to the same period last year in all business sectors, with sales increasing by ▲24% in the marketing business ▲11% in the ad tech and platform business ▲290% in the brand commerce business.

FSN explained that it has maintained steady growth, with an average annual sales growth rate of 50% over the past five years. The company plans to maximize sales by focusing all efforts on growth in all business sectors in the second half, when advertising marketing execution intensifies, as it has achieved its highest performance even in the first half, traditionally considered the off-season in the advertising industry, and has maintained sales growth for five consecutive years.

An FSN official said, “The core business sector, digital marketing, continues its performance growth domestically and internationally, and the ad tech and platform business sector is also contributing steadily to performance based on excellent technology. The brand commerce sector, newly invested in last year, accounts for about 21% of first-half sales and is emerging as a core business. As the results of business diversification in marketing, ad tech and platform, and brand commerce become visible this year, we will continue the momentum of the first half into the second half and restore market trust.”

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