Aton Achieves Record High Performance... Operating Profit Up 342% YoY

[Asia Economy Reporter Hyungsoo Park] Fintech security company Aton announced on the 7th that it recorded sales of 43.3 billion KRW and operating profit of 9.1 billion KRW on a consolidated basis last year. Sales increased by 49% and operating profit by 342% compared to the previous year. It achieved the highest performance since its establishment.

Last year, as Aton's stock price rose, it reflected an evaluation loss of 7.5 billion KRW related to previously issued convertible bonds as non-operating expenses. This is why the net profit for the period was only 1.5 billion KRW.

Last year, Aton set record-high performance every quarter. Demand for Aton's security and authentication solutions increased amid the trend of non-face-to-face services and digital transformation centered on the financial sector.

Jongseo Kim, CEO of Aton, said, "As the scope of security and authentication expands regardless of industry classification, we will establish ourselves as a sustainable growth company along with growth in our core business this year."

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