[Market Focus] Plito Rises on News of Strong First-Half Earnings

Plito, a company specializing in artificial intelligence (AI) language data, is showing strong performance. The company’s stock price appears to be influenced by the fact that its consolidated performance for the first half of this year marks the highest semi-annual revenue since its founding.

As of 9:19 a.m. on July 28, Plito is trading at 10,450 won, up 11.17% from the previous trading day.

Plito announced that it recorded 14 billion won in revenue and 2.6 billion won in operating profit in the first half of this year. Compared to the same period last year, revenue increased by 79%, and operating profit turned positive. Since returning to operating profit in the third quarter of last year, the company has maintained profitability for four consecutive quarters. This once again demonstrates its stable profit-generating capability.

By segment, the data sales division saw revenue increase by 85% compared to the same period last year. Exports accounted for 86% of total sales. This result proves both the quantitative and qualitative excellence of the data supplied by Plito in the global big tech market. In the solutions division, the company is expanding its contribution to sales and securing global clients by supplying its AI-based real-time interpretation and translation solution, Live Translation, launched last year, to companies such as Google, Amazon, and Meta.

Plito plans to continuously strengthen its competitiveness by establishing a 'virtuous cycle between data and AI.' The company maintains a structure that enables continuous profit realization based on its technological capabilities.

In the second quarter of this year, Plito drew attention in the capital market through various management activities, including a stock dividend, disposal of treasury shares, and cancellation of convertible bonds. Yoon Minyong, Plito’s Chief Financial Officer (CFO), said, “A series of proactive measures to enhance shareholder value reflects our confidence in our competitiveness and performance.”

Lee Jeongsoo, CEO of Plito, stated, “Achieving record-high results in the first half of this year signals the beginning of 'Plito 2.0',” and promised, “We will continue to invest in technological advancement while maintaining a focus on profitability.” He added, “Based on our global market experience, we will also pursue various projects to expand the domestic AI ecosystem.”