Resort developer Ananti delivers record breaking revenue in H1

South Korean resort developer Ananti delivered a record-breaking 111.8 billion won ($95.6 million) in revenue during the first half of this year, up 156 percent from a year ago.

Its operating profit stood at 38 billion won, up by 65.8 billion won as it turned to profit.

The firm’s revenue growth comes as its brand awareness grew, coupled with the burgeoning demand for private spaces for vacations. Some 54 percent of its revenue was generated from membership sales for their resorts, while 45 percent was from resort operations.

Ananti, which has multiple locations in popular tourist destinations across the country including Busan and Namhae, South Gyeongsang Province, sells long-term memberships that allow customers access to their properties for varying periods. The price differs depending on how many days you spend on the premise per year.

“Our continued investment and our brand’s future value, which led to a rise in customer satisfaction, helped raise revenue,” one official at the company said.

“Through active investment in the venues and distinctive resort operations, we seek to continue to grow as a unique platform,” the official added.

By Yim Hyun-su (hyunsu@heraldcorp.com)