Hecto Innovation's Q3 YTD Operating Profit Hits KRW 42.7 Billion, Setting a Record...
Hecto Innovation posted record-high cumulative results for the first three quarters.
According to Hecto Innovation on November 10, the company recorded consolidated third-quarter revenue of KRW 108.8 billion, up 13.8% from a year earlier, and operating profit of KRW 15.3 billion, up 4.0%.
On a consolidated basis, cumulative revenue for the first three quarters totaled KRW 324 billion, up 17.0% from a year earlier, while operating profit came to KRW 42.7 billion, up 7.2%. This was the first time cumulative revenue through the third quarter exceeded KRW 300 billion.
Hecto Innovation continued its steady growth in scale in its IT information services business, with third-quarter revenue of KRW 35.1 billion setting a quarterly record for the sixth consecutive quarter. Operating profit also rose 20.2% from a year earlier to KRW 9 billion. Its fintech business recorded third-quarter revenue of KRW 46.2 billion and operating profit of KRW 5.4 billion. Cumulative operating profit reached KRW 20.3 billion, up 44.6% from a year earlier and a record for the first three quarters. The healthcare business also rebounded, with third-quarter revenue of KRW 23.8 billion and operating profit of KRW 2.3 billion, up 4.3% and 77.8%, respectively, from the previous quarter.
Hecto Innovation is also faithfully fulfilling its commitment to shareholder returns. On November 3, it announced that it would cancel 129,934 treasury shares, equivalent to 1% of its total issued shares. This completed its three-year commitment to cancel 1% of its total issued shares each year under the three-year shareholder return plan announced in 2024.
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“Thanks to steady growth in our core business and balanced growth across our major business segments, we have exceeded KRW 100 billion in revenue for three consecutive quarters and achieved record quarterly operating profit,” said Hecto Innovation CEO Lee Hyeoncheol. “We will continue to strengthen the competitiveness of each business segment and sustain steady growth.”
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