Younglimwon Softlab, an enterprise solutions company, said on Thursday it posted third-quarter consolidated revenue of 21.72 billion won, operating profit of 1.4 billion won and net profit of 1.37 billion won.

Third-quarter operating profit rose 8.6 percent from a year earlier. Revenue increased 5.6 percent, and nine-month revenue rose 12.2 percent to 63.12 billion won.

The company said revenue growth in the third quarter was driven by continued execution of large ERP (Enterprise Resource Planning) projects.

Nine-month operating profit fell 40.3 percent from a year earlier to 1.57 billion won. The company explained that as large project execution expanded, related costs such as outsourcing service expenses temporarily increased and weighed on cumulative profitability.

As of the end of the third quarter, the order backlog for K-System supply and implementation stood at 24.17 billion won, up about 350,000,000 won, or 1.5 percent, from 23.82 billion won a year earlier. The company said it expects projects included in the backlog to be reflected in revenue sequentially depending on progress and contract schedules.

Younglimwon Softlab is continuing investment to expand AI ERP features and improve internal productivity using AI, while also strengthening its cloud business competitiveness to raise the share of recurring revenue. It plans to accelerate operating profit improvement by strengthening profitability and cost management by project.

Younglimwon Softlab CEO Kwon Young-bum (권영범) said, "In the third quarter, we showed a recovery trend in performance with revenue growth and improved operating profit." He added, "In the fourth quarter, we will steadily carry out secured projects and manage profitability by business, while continuously strengthening AI and cloud technologies and the foundation for overseas business to lead to solid growth."