[Announcement+] Younglimwon Soft Lab, Q3 Cumulative Operating Profit 2.6 Billion KRW... 15% Increase YoY

[Asia Economy Reporter Kum Bo-ryeong] Younglimwon Soft Lab, a global ERP platform development company, announced on the 12th that its cumulative sales on a consolidated basis for the third quarter reached 32.528 billion KRW, and operating profit was 2.608 billion KRW.

The cumulative sales and operating profit on a consolidated basis for the third quarter increased by 21.7% and 15.3%, respectively, compared to the same period last year.

A Younglimwon Soft Lab official explained, "The continuous government support projects for smart factories, expansion of public project orders, and increased orders in distribution and service sectors due to the impact of COVID-19 contributed to the performance growth."

Among Younglimwon Soft Lab's cumulative sales on a consolidated basis for the third quarter, the on-premise ERP product group accounted for 65.8% of total sales, leading the growth.

Early next year, they plan to continue the growth trend by releasing an ERP equipped with industry-specific specialized processes, which is being developed with the goal of completion in the fourth quarter.

A Younglimwon Soft Lab official said, "In the case of cloud businesses in Japan and Indonesia, steady inquiries for adoption continue despite the COVID-19 situation, and contracts and project management are being maintained through remote support."