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Coupang, operating profit of KRW 13.7 billion in 3Q.In the first quarter after the introduction of rocket delivery

Huang announced on the 9th (local time) that it achieved its first surplus since its launch in 2014 with its operating profit of 13.7 billion won in the third quarter of this year.

According to the third quarter earnings report submitted to the US Securities and Exchange Commission (SEC), Huang recorded sales of $5.133 billion in 3Q (approximately 6.83 trillion won and 1,340.5 won). In terms of won, the company recorded an increase of 27% year-on-year and record, and grew 10% year-on-year.

Huang's 3Q operating profit was 13.7 billion won ($77.42 million), achieving its first surplus after the launch of rocket delivery in 2014. Net profit amounted to W121.5bn ($967 million).

Huang improved its profitability considering that Huang paid $3151 million (365.3 billion won) and net loss of 323.97 million (375.6 billion won) in the third quarter of last year.

Huang lost 2500 to 500 billion won every quarter until the first quarter of last year. The 3Q adjustment EBITDA (previous operating profit) is $194.91 million (3.8%of sales, about 261.3 billion won), which is only one year considering the loss of $274.3 million in the same period last year. It turned back to the surplus structure due to the steep profitability improvement. The total sales gains were $1.2 billion, up 64% year-on-year.

Huang's active customers (customers who bought the product at least once) were 17992,000, which increased by 7% compared to last year. Is increased by 19%.

The core business, Product Commerce (rocket shipping, fresh, marketplace), sales of $4.9 billion (6.56 trillion won), up 10% (28%) compared to last year. Huang explained, The growth of the product in the product commerce business is four times faster than the Korean product e-commerce market.

Developing offering, including Coup ang Play, Kupangtz, Overseas Business, and Fintech, recorded an EBITDA loss of $44.3 million (59.3 billion won), down 50% from last year.

How


Kim Bum-seok, chairman of Coup ang, said, We have invested billions of dollars in the last seven years in the unique logistics network that integrates technology, full-fill, and last mile. Running) We will continue to invest in automation technologies, including robotics, to enrich our customer experience and provide a reasonable price range.

Danger RAB Anand Chief Financial Officer (CFO) also said, We have achieved record records of $91 million in all businesses. Said.

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