Com2uS Holdings provisionally reported an operating loss of KRW 5.275 billion for the second quarter of this year on a consolidated basis under Korean International Financial Reporting Standards (K-IFRS). Due to a decline in revenue, the loss widened by 139.8% compared to the same period last year (a loss of KRW 2.199 billion), but it decreased by 45.7% compared to the previous quarter (a loss of KRW 9.715 billion).

The key financial results for the second quarter are as follows:

• Revenue: KRW 15.553 billion (down 43.1% year-over-year, down 9.2% quarter-over-quarter)
• Profit from Continuing Operations Before Income Tax: KRW 8.318 billion (turned profitable from a loss of KRW 12.813 billion in the previous quarter and a loss of KRW 5.644 billion in the same period last year)
• Net Income: KRW 7.706 billion (turned profitable from a net loss of KRW 11.421 billion in the previous quarter and a net loss of KRW 6.122 billion in the same period last year)
• Net Income Attributable to Owners of the Parent Company: KRW 9.751 billion (turned profitable compared to both the previous quarter and the same period last year)

Looking at the cumulative performance for the first half of this year, revenue stood at KRW 32.681 billion, down 36.7% from the same period last year. The cumulative operating loss was KRW 14.99 billion, with the loss scale expanding by 177.8% compared to the same period last year (a loss of KRW 5.395 billion).

On a cumulative first-half basis, the loss from continuing operations before income tax was KRW 4.496 billion, net loss was KRW 3.716 billion, and net loss attributable to owners of the parent company was KRW 1.754 billion.

Meanwhile, the company stated that these performance figures are unaudited preliminary data and may be subject to change following the external audit process.