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 opera...