Solbrain Holdings Reports Operating Profit of 53.4 Billion KRW Last Year, Up 222.1% YoY
[Asia Economy Reporter Jang Hyowon] Solbrain Holdings announced on the 21st that its consolidated operating profit for last year was tentatively estimated at 53.4 billion KRW, a 222.1% increase compared to the same period last year.
During the same period, sales increased by 77.1% to 417.5 billion KRW, while net profit for the period tentatively decreased by 98.1% to 26.6 billion KRW.
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The company stated, "Sales and operating profit increased due to the inclusion of new subsidiaries and improved performance. However, net profit decreased due to gains from discontinued operations related to the spin-off and losses from the fair value evaluation of financial assets through profit or loss."
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