Hunezion Reports 19.6 Billion KRW in Cumulative Q3 Sales, Up 15% YoY

Hunezion, a specialized information security software company, announced on the 14th that its cumulative sales for the third quarter reached 19.6 billion KRW, a 15% increase compared to the same period last year. The sales for the third quarter amounted to 6.82064 billion KRW. On a consolidated basis, the cumulative operating profit for the third quarter increased by 95% compared to the same period last year. The operating profit for the third quarter was 191.57 million KRW, and the cumulative operating profit was 137.83 million KRW.

During the same period, net profit was 361.39 million KRW, while the cumulative net loss for the period was 654.75 million KRW. The company explained that although there was an evaluation loss on financial assets in the books due to simple investments, actual profits were made, so no cash outflow occurred.

Since 2015, Hunezion has held the number one market share in the network linkage market for eight consecutive years (based on procurement details of specific items from the Procurement Information Disclosure Portal), currently maintaining a market share exceeding 51%.

A Hunezion representative stated, “By consecutively securing orders for overseas factories of global manufacturers and Intelligent Transportation System (ITS) projects, we are solidifying our position as the number one in the network linkage market,” and added, “All employees will do their best to achieve good results this year as well.”

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