Following the yearly earnings turnaround last year, EastSoft continued its strong performance in the first quarter of this year.
Eastsoft (CEO Sang-won, 047560), an artificial intelligence company, announced on the 12th that based on the K-IFRS consolidated financial statements, it had sales of 21.38 billion won in the first quarter of 2021, quarterly operating profit of 2.6 billion won, and net profit of 2.33 billion won.
In the first quarter of this year, sales grew by about 26.2% compared to the same period last year, and quarterly operating profit and net profit improved significantly.
Regarding the first quarter results, the company said, “Along with improving profitability in existing businesses such as SW, security, portals, and games, sales results of artificial intelligence (AI)-based businesses such as finance and commerce that have been invested to secure future growth engines are generated “Based on this, in the first quarter of this year, following the turn of last year’s annual earnings, we achieved significant sales growth and an operating margin exceeding 12%.”
Author/ Translator: Jamie Kim
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