Aton "Ban-gi Operating Profit in First Half, Annual Maximum... Bright Outlook for Second Half"

[Asia Economy Reporter Hyunseok Yoo] Fintech security company Aton announced on the 17th through its semi-annual earnings disclosure that it recorded consolidated sales of 21.2 billion KRW and operating profit of 4.7 billion KRW. On a separate basis, sales and operating profit were 18.6 billion KRW and 4.8 billion KRW, respectively. This represents a 43% increase in sales and a 206% increase in operating profit compared to the same period last year on a consolidated basis.

This is the highest performance in Aton's history since its founding. In the company's core business segment, fintech security solutions, new clients have expanded mainly in the financial sector. It is analyzed that sales growth driven by existing clients purchasing mobile OTP licenses led the performance. Additionally, the losses of subsidiaries incurred until last year have significantly improved from the first quarter of this year, so they no longer act as risk factors in Aton's separate earnings.

Kim Jong-seo, CEO of Aton, stated, “In the flow of digital transformation in the financial sector, we are leading the non-face-to-face financial authentication market based on security and authentication technology, and this trend will continue in the second half of the year.” He added, “We will conduct various reviews for corporate value growth, including expansion into new businesses as well as our core business.”

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