Dayou Plus Co (A000300) Q2 2024 earnings summary

Executive summary

• Reported consolidated revenue of ₩18.1 billion for H1 2024, down from ₩35.3 billion year-over-year.

• Operating loss of ₩3.1 billion, narrowing from a loss of ₩32.8 billion in H1 2023.

• Net loss attributable to owners was ₩13.0 billion, compared to a net loss of ₩163.6 billion in H1 2023.

• Company remains under court-led rehabilitation, with ongoing M&A and capital restructuring efforts.

Financial highlights

• Revenue: ₩18.1 billion (H1 2024), down 48.7% year-over-year.

• Operating loss: ₩3.1 billion, improved from ₩32.8 billion loss year-over-year.

• Net loss: ₩13.5 billion, compared to ₩169.0 billion loss year-over-year.

• Cash and equivalents at period-end: ₩7.5 billion, down from ₩8.7 billion at 2023 year-end.

• Equity remains negative at ₩142.6 billion.

Outlook and guidance

• Management targets improved operating results via cost reduction and revenue growth.

• Ongoing capital raising and debt restructuring are critical for going concern.

• Court-supervised M&A process underway, with improvement period granted until April 2025.