Lingnet, Operating Profit of 16.3 Billion Won Last Year... Up 50.3% YoY

Lingnet announced that its performance last year recorded the highest sales and operating profit since its establishment.

Lingnet posted sales of 217.7 billion KRW and an operating profit of 16.3 billion KRW last year, representing increases of 7% and 50.3% respectively compared to the previous year. Growth and profit generation were achieved in the artificial intelligence (AI), cloud, and data center sectors.

Lee Jung-min, General Manager of Lingnet, explained, “This was thanks to an increase in large project orders from domestic manufacturers, continuous orders for major public institution projects, and sales and profit growth through overseas businesses in Europe and the United States.”