Saramin (A143240) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was ₩96.9 billion, down 26.3% year-over-year, with operating income at ₩18.3 billion and net income at ₩14.3 billion, both declining from the prior year.

• All major business segments—career platform, recruitment consulting, and outsourcing—experienced revenue and profit declines compared to the same period last year.

• The company maintained a strong cash position and continued investments in R&D and digital transformation, including AI-driven HR solutions.

Financial highlights

• Revenue: ₩96.9 billion (down from ₩131.5 billion year-over-year).

• Operating income: ₩18.3 billion (down from ₩25.3 billion year-over-year).

• Net income: ₩14.3 billion (down from ₩18.6 billion year-over-year).

• EPS: ₩1,342 (down from ₩1,740 year-over-year).

• Cash and cash equivalents: ₩13.1 billion as of September 30, 2024.

Outlook and guidance

• The company is focusing on expanding AI-based HR solutions and digital platforms to drive future growth.

• Management expects continued market volatility but aims to stabilize earnings through product innovation and operational efficiency.