Plantynet announced on the 16th that its consolidated net profit for the first quarter of this year reached 4.51107 billion KRW, a more than 58.5-fold increase compared to 77.09 million KRW in the same period last year.
This is mainly attributed to the recent increase in fund valuation gains of its subsidiary venture capital firm, Albatross Investment.
Plantynet plans to focus on revenue growth and profitability improvement in the second half of the year. The company recorded an operating loss of 455.41 million KRW on a separate basis in the first quarter, but aims to maximize profits through substantial business diversification in the second half. To this end, it plans to lead the market with new services enhanced by AI technology in the latter half of the year.
First, in the harmful content blocking business division, the company will apply its self-developed sLLM (lightweight language model) to advance AI services specialized in preventing serious social issues such as voice phishing, smishing financial fraud, and internet drug trafficking, and will seek results in the wired and wireless communication markets. Additionally, in line with the on-device AI market, it plans to collaborate with its subsidiary PlantyM to launch a unique AI content service, aiming to become a market-leading company in the digital content business division as well.
A company representative stated, “We have established an R&D organization called ‘AI Tech Lab’ composed of AI specialists this year and are doing our best to improve our proprietary technology,” adding, “We will strive to secure AI leadership in this era of great transformation, strengthening the competitiveness of our core businesses as well as expanding into new portfolios.”
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