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AhnLab Q1 OP jumps 84% on steady growth

The company said Monday it posted consolidated revenue of 59.1 billion won ($40.1 million) and operating profit of 1.9 billion won for the January–March period. Revenue rose 3.3 percent from a...

AhnLab Q1 OP jumps 84% on steady growth

AhnLab CI

AhnLab reported strong first-quarter earnings on the back of steady growth across its core businesses and improving overseas performance.

The company said Monday it posted consolidated revenue of 59.1 billion won ($40.1 million) and operating profit of 1.9 billion won for the January–March period. Revenue rose 3.3 percent from a year earlier, while operating profit surged 84.4 percent from 1 billion won.

On a non-consolidated basis, AhnLab recorded revenue of 52.3 billion won and operating profit of 4.9 billion won, up 2.9 percent and 70.6 percent, respectively, from the same period last year.

The company attributed the results to stable growth across its key business segments, noting that overall performance remained on a solid upward trajectory.

Overseas operations also contributed to the improvement. AhnLab said increased revenue driven by its Saudi Arabian joint venture, Rakeen, had a positive impact on earnings.

A company official said the firm continues to deliver steady growth in both revenue and operating profit, supported by competitive products and a stable customer base.

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