A company called Hecto Innovation that provided foot-based income services...

 

■ Connected sales of 80.2 billion won and operating profit of 13.9 billion won, recording the highest quarterly performance in history

■ 13 consecutive quarters of record-high sales, surpassing 10 billion won in operating profit on a standalone basis for the first time since its founding

 

 

Hexa Innovation, an IT-based information service company (KOSDAQ 214180 / CEO Lee Hyun-chul), announced its third-quarter results, continuing a significant growth trend in both revenue and profitability. Revenue has exceeded previous records for 13 consecutive quarters, and on a standalone basis, operating profit has surpassed 10 billion won for the first time since its founding.

 

Hecto Innovation announced its provisional financial results on the 7th, reporting for the third quarter of 2024: consolidated sales of 80.2 billion won, operating profit of 13.9 billion won, and net profit of 12.4 billion won; and standalone figures of sales of 28.9 billion won, operating profit of 10.3 billion won, and net profit of 8.5 billion won.

 

Revenue based on connection criteria grew by 8.7% compared to the same period last year, reaching the highest quarterly revenue ever. Operating profit and net income increased by 34.8% and 49.1%, respectively, further enhancing profitability. On a standalone basis, revenue increased by 23.1%, while operating profit grew by 51.8% and net income by 48.6%, demonstrating solid profitability.

 

Hecto Innovation is breaking its maximum revenue record for the 13th consecutive quarter. The steady growth of its existing business in the IT-based information service sector, along with revenue from new B2C services, increased app service advertising revenue, and other factors, led to a successful third quarter. Operating profit grew significantly, driven not only by the expansion of existing business sales but also by improved profitability in the fintech business of its subsidiary, Hecto Financial.

 

Hyuncheol Lee, CEO of HexToInnovation, stated, "We are continuing our steady growth based on the explosive performance in the IT information service sector and the balanced growth of our existing businesses. We are accelerating the acquisition of new growth engines such as B2C platform business and entry into the global market," and added, "Based on solid performance and financial strength of our main business and subsidiaries, we will enhance our corporate value from B2B to B2C companies, and further to global corporations."

 

HexToInnovation has recently been accelerating its global business. The information service division plans to launch an app service within this year to prevent cybercrimes such as smishing and romance scams, starting with North America and targeting the global market. Its subsidiary, HexToHealthcare, has signed a five-year export contract worth at least 155 billion won for premium probiotics 'Desimone' with Guoyao Pharmaceuticals, a subsidiary of China National Pharmaceutical Group (Sinopharm Group), one of China's largest state-owned pharmaceutical companies, indicating a rapid establishment in the Chinese market.

 

Hecto Innovation has expanded its business by starting in IT information services and launching B2C platform services such as the app tech platform 'Balro Income'. Additionally, through its subsidiaries, fintech company 'Hecto Financial' and healthcare service company 'Hecto Healthcare', it is engaged in finance, data, and healthcare businesses based on IT technology.

 

 

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It's amazing... the profit was the highest ever...
Why... is the income from foot traffic...?