Yanolja Reports 153.7 Billion KRW in Consolidated Sales for Q2... "97% Growth Year-on-Year"

[Asia Economy Reporter Kwak Minjae] Yanolja has disclosed its consolidated financial results for the second quarter of this year. Yanolja recorded consolidated sales of 153.7 billion KRW under Korean International Financial Reporting Standards (K-IFRS) for Q2. This represents a 97% growth compared to 78 billion KRW in the same period last year, maintaining significant growth despite the spread of COVID-19 variants.

Operating profit was recorded at 4.9 billion KRW, impacted by aggressive global talent recruitment to prepare for the post-COVID era, an increase in consolidated subsidiaries due to mergers and acquisitions, and initial investment costs for new business expansion.

By segment, Yanolja Platform division posted sales of 80.3 billion KRW, a 31% increase compared to the same period last year, with operating profit of 16.3 billion KRW. Despite the ongoing pandemic situation and rapidly changing global conditions, the super app strategy helped maintain steady growth in both sales and profits as the number one travel platform in Korea.

Yanolja Cloud division recorded sales of 21.3 billion KRW, growing 3.4% quarter-on-quarter and 206% year-on-year. Operating loss improved by 8 percentage points quarter-on-quarter to 13.9 billion KRW. This reflects continued high growth driven by business expansion in the global solutions market alongside increased investments targeting global market penetration.

Interpark, consolidated since last May, posted Q2 sales of 43.7 billion KRW and operating profit of 2.1 billion KRW. Leveraging strong sales capabilities and competitive product offerings with airlines, Interpark solidified its position as the dominant market leader in overseas airline ticketing as well as ticket reservations for performances and exhibitions.

A Yanolja representative stated, “Through aggressive talent acquisition and proactive research and development (R&D) investments, we are preparing in advance to strengthen our leadership in the travel and leisure market after the end of the pandemic. We expect solid performance and growth in Q3 through the full consolidation of Interpark and proactive responses to domestic and international travel demand.”

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