Aplus Asset's Q1 Net Profit Soars 98.8% Year-on-Year... Quarterly Sales Hit Record High

Aplus Asset announced on the 15th that its consolidated net profit for the first quarter of this year reached 13.1 billion won, up 98.8% compared to the same period last year.

The company achieved its highest-ever quarterly sales since its founding, posting first-quarter sales of 186.6 billion won, a 17.9% year-on-year increase. Operating profit surged by 115.1% to 15.9 billion won. As of the end of March, the number of planners was 7,836, up 26.1% from a year earlier.

Aplus Asset explained, "The qualitative growth strategy focused on expanding the planner organization and improving productivity led to increased performance."

The return on equity (ROE), a key profitability indicator, rose sharply from 2.53% in the first quarter of last year to 17.50% in the first quarter of this year. In addition, strong performances from major affiliates, including NanoEntek and Aplus Life, also contributed to improved consolidated earnings.

An official from Aplus Asset stated, "Rather than pursuing excessive external growth, our strategy of operating an elite planner organization and focusing on retention management has resulted in record sales. Going forward, we will continue to strengthen our core business competitiveness to maintain stable growth."

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