Incar Financial Services Achieves 27.4 Billion Won Net Profit in the First Half of the Year, Continuing Growth Trend

ncar Financial Services achieved a record-high cumulative revenue of 396.4 billion won for the first half of 2024, with operating profit of 39.4 billion won and net profit of 27.4 billion won(The photo above is not related to this article.)

Incar Financial Services, a General Agency (GA), is maintaining a strong growth trend following its listing. For the first half of 2024, the company reported record-high revenue and significant increases in both operating and net profits compared to the previous year. This post explores the background of Inca Financial Services' growth and its future outlook.

Incar Financial Services achieved a record-high cumulative revenue of 396.4 billion won for the first half of 2024, with operating profit of 39.4 billion won and net profit of 27.4 billion won. These figures represent increases of 99% and 103.9% respectively compared to the same period last year. Notably, the company's revenue for Q2 reached 210.4 billion won, with operating profit of 21 billion won and net profit of 14.7 billion won, marking the 10th consecutive quarter of record sales since its listing.

The company's growth can be attributed to several factors. The enhanced brand image from its KOSDAQ listing has helped attract top-performing agents, creating a positive feedback loop that has driven revenue growth. Additionally, advancements in digital platforms and operational support systems, such as the 'Carling' total automobile platform and direct insurance comparison and long-term product recommendation systems, have significantly improved operational efficiency.

Looking ahead, Incar Financial Services plans to maintain its upward trajectory in the second half of the year. The company is focusing on developing a 'next-generation IT system' to enhance sales support and operational efficiency. This system is expected to play a crucial role in establishing a solid foundation for the company's long-term growth.

Incar Financial Services has continued its growth trend since its listing, achieving impressive results in the first half of 2024. The company's strategic investments and technological advancements are set to further bolster its performance. We look forward to seeing how Inca Financial Services will continue to evolve and succeed in the coming months.