INNOCEAN Worldwide's Q3 operating profit falls 4.2% to 49.2 billion won

[Financial News] INNOCEAN Worldwide's operating profit declined in the third quarter as costs rose despite revenue growth.
According to industry sources on the 5th, INNOCEAN Worldwide's consolidated operating profit for the third quarter was 49.2 billion won, down 4.2% from a year earlier.
Gross profit, calculated by subtracting the cost of sales from revenue, rose 3% to 255.9 billion won over the same period.
Cumulative results through the third quarter all showed growth. Cumulative gross profit rose 6.9% from a year earlier to 771.7 billion won. Operating profit and net income increased 13.6% and 46.4%, respectively, to 133.6 billion won and 108.7 billion won.
INNOCEAN Worldwide said that strong performance in its domestic customer experience (CX) business, profit-focused management, and the expansion of digital services in Europe supported its results amid external uncertainties.
By region, domestic gross profit rose 3.9% to 57.3 billion won, while operating profit increased 36.6% to 12.2 billion won.
Overseas gross profit rose 2.8% to 198.6 billion won. Gross profit in Europe and the Americas increased 13.8% and 2.3%, respectively.
An INNOCEAN Worldwide representative said, "In the fourth quarter, we will continue to grow our results based on growth in our CX business and digital services, while strengthening the foundations for sustainable growth, including expanding our non-affiliated advertisers and content business."
[email protected] Kang Myeong-yeon Reporter