Golfzon Reports Operating Profit of 148.7 Billion KRW Last Year, Up 38% Year-on-Year

Sales of 617.5 Billion KRW... 40% Increase Compared to Last Year

Golfzon announced on the 28th that its consolidated operating profit for last year was tentatively estimated at 148.7 billion KRW, a 38.1% increase compared to the same period the previous year. Sales increased by 40.2% from the previous year to 617.5 billion KRW. Net profit rose by 45.9% to 111.6 billion KRW.

The company explained that hardware sales increased due to growth in franchise and special sales, golf driving range simulators (GDR), and overseas sectors, while related sales also increased due to higher online service revenue from more rounds played and the consolidation of subsidiaries such as Golfzon Deca and Golfzon CM.