[Special Stock] Wemade Plummets on Disappointment Over Operating Profit
[Asia Economy Reporter Hwang Yoon-joo] Wemade is plummeting amid evaluations of an 'earnings shock' when excluding the profit from the sale of the cryptocurrency 'Wemix' on the 10th.
As of 9:15 AM on the same day, Wemade is trading at 129,600 KRW, down 13.54% from the previous trading day.
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Wemade's Q4 sales increased by 655.9% year-on-year to 352.3 billion KRW, and operating profit turned positive to 253.9 billion KRW. However, excluding the 225.4 billion KRW from Wemix securitization sales in total operating profit, the actual operating profit is estimated to be 29 billion KRW. In particular, the much-anticipated profit from the Wemix platform amounted to only 3.5 billion KRW.
This content was produced with the assistance of AI translation services.
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