Security company HanSsak announced on the 24th that it recorded 6.4 billion won in revenue and 1.3 billion won in operating profit on a separate basis for the second quarter of this year.
Revenue increased by 39% to 6.4 billion won from 4.6 billion won during the same period last year. The operating result improved by 2.1 billion won, turning from an 800 million won loss in the second quarter of last year to a 1.3 billion won profit this year.
On a consolidated basis including subsidiary Incom and HS Security, revenue for the second quarter reached 7.6 billion won, up 44% from the same period last year. Consolidated operating profit was 800 million won, marking a turn to profitability, while the operating result improved by 1.5 billion won.
Cumulative separate revenue for the first half of the year was 8.7 billion won, with an operating loss of 200 million won. The operating loss was reduced by 1.4 billion won from 1.6 billion won in the first half of last year. Consolidated revenue for the first half reached 11.1 billion won, up 17.4% from the same period last year.
HanSsak explained that the expansion of its security solution portfolio and business diversification contributed to the improvement in performance. Revenue increased from solutions launched through research and development, including Manganese Data Transmission (CDS), integrated access control, password management, SSL visibility, and one-way transmission solutions. The virtualization business unit acquired last year and Incom's electronic fax business also contributed to the improvement in consolidated results.
HanSsak plans to expand its efforts in the public and financial markets based on obtaining a security function certification for its second-half SSL visibility solution 'BlueKey VA' and registering with the Public Procurement Service. It will also upgrade existing security solutions in response to the National Intelligence Service's transition to the National Network Security System (N2SF).
The company is applying post-quantum cryptography (PQC) technology, which addresses the threat of decryption by quantum computers, to its own solutions and is expanding its AI and cloud security product lineup.
Lee Ju-do Han Ssak (CEO) stated, "With the results of diversifying our security solution portfolio reflected, we successfully turned profitable in the second quarter." He added, "During the second half when revenue concentrates, we will strengthen competitiveness in next-generation security fields such as PQC, AI, and cloud."
in TECH
