NVT, Q3 Net Profit 1.5 Billion KRW... Up 342.4% YoY

[Asia Economy Reporter Jang Hyowon] KOSDAQ-listed company NBT (CEO Park Sugeun) continued its record-breaking performance for the third quarter of this year since its establishment.

On the 12th, NBT announced that its consolidated sales for the third quarter of this year reached 20.2 billion KRW, an increase of approximately 94.9% compared to the same period last year. Operating profit turned positive to 600 million KRW during the same period, and net profit surged significantly by 342.4% to 1.5 billion KRW.

NBT’s cumulative consolidated sales for the third quarter of this year recorded 56.3 billion KRW, up 90.1% compared to the same period last year, surpassing last year’s annual sales and setting a new record high since the company’s founding. Cumulative operating profit for the same period also turned positive, reaching 1.4 billion KRW.

The company cited the accelerated growth of the B2B new business segment ‘Addison Offerwall,’ which has exceeded initial expectations, as the reason behind the continued record-breaking quarterly performance. Above all, as the expansion of partnerships centered on major media companies continued each quarter, the company explained that, given the nature of the Offerwall business, profitability is gradually strengthening efficiently as planned after the initial network construction costs.

An NBT representative stated, “Even while continuing the record-breaking performance, trial-and-error data on various profitable businesses that can grow based on large media company platforms available through the Offerwall business structure is gradually accumulating. Since we are considering various new businesses that can efficiently utilize the vast data secured from our position as the number one domestic mobile point industry operator, we plan to continuously focus on establishing solid growth engines.”

Starting with the highest sales performance since its founding in the first quarter of this year and successfully turning around operating profit, NBT has since recorded record-high sales each quarter along with a return to profitability, marking the beginning of a full-scale turnaround.

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