RedcapTour, a listed company on the KOSDAQ, saw its stock price rise during trading on the 8th after news that it broke its record for the highest quarterly performance ever in the first quarter of this year.
As of 2:59 p.m. on that day, RedcapTour was trading at 11,210 won, an increase of 720 won (6.86%) from the previous trading day.
Travel and rental car corporation RedcapTour reported that its first-quarter operating profit on a consolidated basis reached 17.9 billion won, marking a 37.1% increase compared to the same period last year. Revenue during the same period totaled 105.3 billion won, a rise of 11.8%.
RedcapTour sold its short-term rental car business in Jeju Province in the first quarter of this year to focus on long-term rental car business, which included the transfer of goodwill worth 5.72 billion won that resulted from this sale.
The news of its strong performance has led to a surge of purchasing interest in RedcapTour, resulting in a rise in its stock price.
Inyu-seong, CEO of RedcapTour, noted, "The series of measures, including business division consolidation, the establishment of a new sales organization, and the sale of the Jeju short-term rental car business, is part of a revenue-focused business development strategy. Given the ongoing uncertain market environment, we will concentrate on revenue-based management and strengthen our business competitiveness to lay a foundation for sustainable growth of the company."