Hancom Q2 Operating Profit 17.5 Billion KRW... Down 36.2% YoY

[Asia Economy Reporter Buaeri] Hancom announced on the 17th that it recorded sales of 107 billion KRW and operating profit of 17.5 billion KRW in the second quarter. This represents a decrease of 3.3% and 36.2% compared to the previous year.

This decline is attributed to the decrease in mask sales by Hancom Lifecare, which had sharply increased last year due to the impact of COVID-19, reflecting in the consolidated financial results.

However, on a separate basis, Hancom recorded sales of 30.9 billion KRW and operating profit of 14.5 billion KRW, achieving growth of 7.8% and 31.9% respectively compared to the previous year. The separate operating profit margin was 47%, the highest in five years.

Hancom continued its growth momentum with an increase in new B2B customers for Hancom Office and the integration of its cloud-based web office into platforms such as Naver Whale, MyBox, and NHN Doorey.

Hancom MDS showed an improvement in profitability, posting sales of 39.4 billion KRW and operating profit of 2.1 billion KRW, increases of 20.7% and 442.3% respectively compared to the previous year.

Hancom plans to increase the proportion of its cloud business in the second half of the year. In particular, it aims to expand the spread of new B2B customers into the cloud sector. With exclusive sales rights for the cloud-based collaboration platform 'Doorey' secured through NHN, Hancom is pursuing a cloud platform expansion strategy. Hancom will also launch 'Hancom Works' within the year.

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