9% Increase in Sales Compared to Same Period Last Year
Performance Included After Acquisition of Gangnam Daeseong Dormitory Medical Building
Successful Launch of 'Gangdaemo Mock Exam X'
Digital Daesung, an educational content platform company, achieved its highest quarterly performance ever.
On the 14th, Digital Daesung announced that it recorded consolidated sales of 69.3 billion KRW, operating profit of 18.4 billion KRW, and net profit of 14.7 billion KRW in the third quarter. Both sales and operating profit are the highest quarterly results in the company's history. Compared to the same period last year, sales increased by 9.0%, while operating profit and net profit rose by 2.8% and 0.8%, respectively.
Amid the medical school craze, the number of repeat test-takers (graduates and GED holders) in this year's College Scholastic Ability Test (CSAT) reached the highest level in 21 years. Digital Daesung's quarterly performance also newly included the September results of Gangnam Daesung Dormitory Medical School, which became a subsidiary after its acquisition in August. The online-only premium mock exam "Gangdae Mock Exam X," launched in July, received favorable reviews from examinees and parents, successfully establishing itself in the market. The high school division led the quarterly record performance.
Kim Hee-seon, CEO of Digital Daesung, said, "With the increasing demand from examinees aiming for medical school admission, we were able to achieve high results through customized content such as Gangnam Daesung Dormitory Medical School and premium mock exams." He added, "Next year, in addition to the growth of existing businesses, we will fully reflect the performance of the medical school dormitory, which has expanded its capacity by 40%, and achieve steep performance improvement, a 'quantum jump' level of growth."
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