[Featured Stock] WINS Hits 52-Week High... Soars on Strong Q3 Earnings and Share Buyback & Cancellation

52-Week High Reached After About 5 Months
Strong Q3 Earnings Announced After Previous Day's Market Close
Plan to Buy Back and Cancel Treasury Shares Worth 20 Billion KRW

WINS recorded a 52-week high. The acquisition of treasury shares worth 20 billion KRW and the improvement in third-quarter earnings appear to have positively influenced the stock price.

As of 9:35 AM on the 5th, WINS is trading at 14,990 KRW, up 13.65% (1,800 KRW) from the previous trading day. This surpasses the 52-week high of 14,950 KRW recorded in June. The stock also reached an intraday high of 15,750 KRW early in the session.

After the market closed the previous day, WINS announced that its consolidated operating profit for the third quarter of this year was 4.2 billion KRW, a 14.7% increase compared to the same period last year. Revenue for the same period also rose 6.3% to 21.4 billion KRW. Net profit increased by 24.9% to 4.8 billion KRW.

Along with the strong performance, WINS disclosed that it has decided to acquire 1,364,416 shares of treasury stock, worth approximately 21.8 billion KRW. This decision aims to stabilize the stock price, enhance corporate value, and protect shareholder rights. The expected acquisition period is from the 5th to the 24th. The treasury shares will be canceled after acquisition.