[Market Focus] APR Jumps Over 6% on Record-Breaking First-Quarter Results

Shares of APR are on the rise after the company posted first-quarter results that exceeded expectations.

As of 1:26 p.m. on this day, APR was trading at 104,500 won, up 6,100 won (6.20%) from the previous trading day.

APR's first-quarter results showed revenue of 266 billion won, a 79% increase year-on-year, and operating profit of 54.6 billion won, up 97%. These figures represent a significant earnings surprise, far surpassing market expectations.

Mirae Asset Securities maintained its "Buy" investment rating on APR and raised its target price to 125,000 won on this day.

Song Bae-song, a researcher at Mirae Asset Securities, said, "The first quarter is usually weaker than the previous quarter because the fourth quarter is the peak season of the year. However, this time, APR showed strong growth compared to the previous quarter, defying seasonality." He added, "The United States and Japan grew nearly threefold year-on-year," and stated, "Growth in the United States, Japan, and B2B (business-to-business) sectors is expected to continue for the time being."