Ringnet Reports Q3 Operating Profit of 5 Billion Won, Up 21% Year-on-Year

Ringnet, a company specializing in IT infrastructure construction, announced on November 11 that its consolidated sales for the third quarter reached 43.7 billion won, with an operating profit of 4.96 billion won. This represents an increase of 37.53% and 20.58%, respectively, compared to the same period last year.

On a cumulative basis for the third quarter, the company achieved sales of 104 billion won, operating profit of 8 billion won, and net profit of 8.9 billion won. While operating profit decreased by 20% compared to the same period last year, the company maintained a recovery in net profit despite changes in accounting standards, demonstrating a stable profit structure.

A company representative stated, "The third quarter marked a turning point where both financial soundness and profitability were strengthened." The representative added, "As sales from major projects in the public sector and AI network infrastructure are expected to be reflected in the fourth quarter, we anticipate that the trend of performance improvement will accelerate further."

The representative continued, "Based on our zero-debt management policy and solid financial structure, we will continue to strengthen both our long-term growth potential and profit stability."

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