Saramin (A143240) Q3 2024 earnings summary

Executive summary

• Operates in career platform, recruitment consulting, and outsourcing, with a focus on AI-driven matching and HR tech innovation.

• Maintains strong market position through proprietary AI algorithms and large user base.

• Launched new enterprise ATS solution and expanded R&D in AI and data analytics.

Financial highlights

• 9M 2024 consolidated revenue: ₩96.9B, down from ₩131.5B YoY; operating income: ₩18.3B, down from ₩25.3B YoY.

• Net income: ₩14.3B, down from ₩18.6B YoY; EPS: ₩1,342 (vs. ₩1,740 YoY).

• Cash and equivalents at period end: ₩13.1B; total assets: ₩211.3B.

• Dividend paid in April 2024: ₩5.4B (2023: ₩7.7B).

Outlook and guidance

• Ongoing investment in AI, big data, and HR tech to enhance matching and platform services.

• Market growth expected from increased job mobility, flexible hiring, and digital transformation.