iWons Reports Record Q1 Operating Profit of 6.6 Billion KRW... "Expecting Strong Q2 Performance"

[Asia Economy Reporter Yoo Hyun-seok] I-ONE S announced on the 20th that its operating profit in the first quarter surged by more than 750% to 6.6 billion KRW compared to 800 million KRW in the previous quarter.

In particular, compared to the same period last year, it increased by more than 415%, achieving the highest operating profit since the company's establishment in 2018, according to the company.

The net profit for the first quarter was also 5.5 billion KRW, which is more than 13 times the total net profit of 400 million KRW for the entire last year. In addition, sales in the first quarter rose by more than 10% to 37.7 billion KRW compared to 34 billion KRW in the previous quarter.

An I-ONE S official said, "The improvement in quality leading to process enhancement and cost reduction effects, along with increased order volumes from domestic and overseas clients, contributed to the strong performance," adding, "In the traditionally peak seasons of the second and third quarters, the impact of diversifying clients and expanding order volumes will be even greater."