[Asia Economy Reporter Jang Hyowon] Mirae I&J announced on the 14th through its Q1 earnings disclosure that its consolidated sales increased by 88% year-on-year to 1.9 billion KRW. Operating profit turned positive to 250 million KRW, compared to an operating loss of 170 million KRW in the same period last year.
The Q1 sales growth was driven by increased revenue from its self-developed financial messaging solution ‘eNISIS’ targeted at the banking sector. In addition to the operating profit turnaround, a gain from the sale of a factory resulted in a net profit of 1.65 billion KRW.
eNISIS is a financial messaging solution independently developed by Mirae I&J based on 18 years of experience in the financial sector. It features unification of financial message processing systems and centralized message processing, enabling efficient management by integrating distributed systems.
A Mirae I&J official stated, “In Q1, sales and overall earnings improved due to increased supply of eNISIS upgrades. Besides the core business performance improvement, the sale of a factory located in Gwangju for approximately 4.6 billion KRW generated a disposal gain of about 1.5 billion KRW, resulting in a relatively large net profit.”
He added, “We expect overall financial structure improvement with the proceeds from the factory sale. Since demand for eNISIS upgrades is expected to continue, sales performance is likely to improve in Q2 as well, sustaining the positive trend in operating results.”
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