Operating Profit of 6.2 Billion KRW, Revenue of 110.7 Billion KRW
Solid Performance Amid Controversy
Theborn Korea, led by CEO Jongwon Baek, improved its profitability in the first quarter of this year.
On May 14, Theborn Korea announced that its consolidated operating profit for the first quarter of this year reached 6,196,320,000 KRW, an increase of 6.6% compared to the same period last year.
During the same period, revenue rose by 2.6% to 110,715,140,000 KRW, and net profit increased by 28.4% to 6,327,770,000 KRW.
By business segment, franchise operations accounted for 92,207,000,000 KRW, representing 83.3% of total revenue; distribution operations recorded 16,608,000,000 KRW (15.0%); and hotel operations posted 1,900,000,000 KRW (1.7%).
Theborn Korea's total assets amounted to 349,150,420,000 KRW, while total liabilities stood at 78,565,690,000 KRW. Capital stock and total equity were 7,507,350,000 KRW and 270,584,720,000 KRW, respectively.
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