Fourth-quarter consolidated revenue of 48.5 billion won, operating profit of 13 billion won, and net profit increased by 211%.

Douzone BizOn announced "surprise results" in its fourth-quarter 2015 earnings disclosure, reporting consolidated revenue of 48.5 billion won, operating profit of 13 billion won, and net profit of 8.7 billion won.

This represents a significant increase compared to the same period last year, with sales rising by 27%, operating profit by 30%, and net profit by 211%. On a separate basis, sales were 47.1 billion won, operating profit by 12.2 billion won, and net profit by 7.7 billion won, with the growth rate of net profit reaching 621%.

The company announced that, driven by strong quarterly results, it achieved record-high sales, operating profit, and net profit for the full year of 2015 on a consolidated basis, recording sales of 157.7 billion won, operating profit of 29 billion won, and net profit of 21.7 billion won. Compared to the previous year, sales increased by 16%, and operating profit and net profit increased by 41% and 98%, respectively, resulting in an 'earnings surprise' that exceeded market consensus.

Douzone BizOn stated that it achieved strong results by driving all-encompassing revenue growth as all business sectors grew evenly, coupled with strong internal cost-cutting efforts and improved operational efficiency, adding that the characteristics of its virtuous cycle business structure, where increased revenue directly leads to increased operating profit, were maximized.

On an annual basis, sales increased significantly by 16%, operating profit by 41%, and net profit by 98% compared to the previous year.

Looking at the business sectors, while the ERP business supported a stable revenue structure, the order volume for the top-tier product, ERP iU, in the enterprise market showed a significant increase. Centered on this, the company achieved better-than-expected revenue growth as it secured large-scale projects supplying all essential corporate solutions—such as security, groupware, and electronic finance—within a single system.

In addition, the security business achieved significant growth in line with recently intensifying security issues, and the groupware business recorded a simultaneous rise in demand for groupware customization, including integration with ERP, portals, budgets, and expense approvals.

The new cloud business also continued its upward trend, showing a 45% increase compared to the previous year and supporting the rise in revenue. Other business sectors, such as electronic finance, also contributed to the strong performance with balanced growth, while the robust export trend continued with successive wins of overseas security projects.

Douzone BizOn stated that in 2016, market vitality is expected in new business sectors due to the implementation of the government's cloud policy, and that the overall business outlook for this year is optimistic as positive market responses are gradually appearing not only in ERP but also in existing business areas such as security and groupware.