Global travel-tech corporations Yanolja posted 502.3 billion won in revenue in the first half. However, operating profit swung to a loss of 15.2 billion won.
Yanolja said on the 14th that first-half revenue was 502.3 billion won, up 14% from a year earlier (440.7 billion won). Global aggregate transaction value (Aggregate TTV) rose 26.8% to 21.4 trillion won.
Profitability backpedaled. Operating profit turned from a 3.5 billion won surplus a year earlier to a 15.2 billion won loss, and the half-year net loss came to 33 billion won. Adjusted EBITDA, which the company emphasized, stayed in the black at 28.5 billion won but fell to about half from a year earlier (56.4 billion won).
A Yanolja official said, "Despite continued uncertainty from geopolitical variables, higher airfares, and a strong dollar, travel demand is on a modest recovery trend," adding, "We plan to strengthen our competitiveness in the global travel-tech market with AI (artificial intelligence) and data technology at the center."
Meanwhile, according to the semiannual report disclosed the same day, founder and general representative Lee Su-jin received 1.109 billion won in compensation over the six months of the first half. That includes 599 million won in salary plus a 510 million won bonus. Lee is the largest shareholder, holding 16.30% equity in Yanolja (16,543,161 shares).