Yanolja Reports Operating Profit of 16 Billion KRW in Q2, Turning to Black Year-on-Year

Cloud Shinjang, Platform and Interpark Triple Growth Trend

Yanolja announced on the 14th that its operating profit on a consolidated basis for the second quarter of this year turned positive to 16 billion KRW compared to the same period last year. Sales increased by 42% to 234.5 billion KRW.

Yanolja CI

As of the second quarter, Yanolja holds 654.3 billion KRW in cash and cash equivalents and short-term financial instruments, with total equity standing at around 1.3 trillion KRW. The current ratio was 152%, demonstrating solid financial soundness.

The company explained that this was due to the rapid growth of the cloud division, which is expanding its AI-based solution business in the global market, combined with stable growth in the platform and Interpark Triple divisions.

The cloud division, the core of the global business, recorded sales of 74.3 billion KRW, a 157% increase compared to the same period last year, marking an all-time high. The cloud division's share of total sales also rose to 30%, up more than 14 percentage points from 16% in the same period last year. Operating profit increased by 25.7 billion KRW year-on-year, reaching a record quarterly high of 18 billion KRW.

The platform and Interpark Triple divisions also maintained their growth momentum. Yanolja's platform division posted sales of 92.5 billion KRW and an operating profit of 7.6 billion KRW. Interpark Triple's sales increased by 30% year-on-year to 75.7 billion KRW. Operating loss was reduced by more than 11 billion KRW compared to the same period last year, recording a loss of 500 million KRW.

A Yanolja representative stated, "Going forward, we plan to solidify our position as a global leading travel data company based on a global network connecting over 1.33 million suppliers in more than 200 countries and over 17,000 sales channels in more than 130 countries."