Huang signed a logistics infrastructure investment in the third quarter of this year, with an operating profit of 13.7 billion won.
Huang announced on the 9th that it posted sales of $5.133 billion (approximately 6.83 trillion won) and operating profit of 13.73 billion won ($77.42 million). Revenue has grown 27% in the same period last year, and operating profit has improved more than 400 billion won, considering that it paid $3151 million (365.3 billion won) in the third quarter of last year.
This performance is meaningful in that the ‘planned deficit’ theory, which has been claimed every time a large-scale operating loss due to the cost of investing in Huang’s logistics infrastructure, has been demonstrated, and the image of a ‘deficit company’ has been removed. Huang explained that he had invested billions of dollars in the logistics network.
Efficiency after investing in logistics… Amazon-style model worked
Kim Bum-seok, chairman of Coup ang, emphasized the automation-based logistics network at the earnings conference call. The Huang logistics infrastructure is 500 soccer fields, which is larger than New York’s Central Park, he said. The loss of food inventory has been reduced by 50% compared to last year.
Chairman Kim also said, With the integration of technology, full-fill infrastructure, and last miles (final shipping stage) logistics integration, we were able to break the traditional tradeoffs between customers and products, services and prices. Emphasis was emphasized.
He said, There is no need to build a cold chain delivery network separately (for fresh food delivery) while integrating the entire logistics process. The packaging wastes were reduced by delivering more than 85% without box packaging, and the number of shipping vehicles could be reduced.
Coup ang currently has more than 100 distribution centers nationwide. Huang lost 2500 to 500 billion won by the first quarter of last year after the US stock market was listed in March last year, but reduced its deficit to $25.7 million in the first quarter of this year and $67.14 million in the second quarter.
Product Commerce Sector EBITDA, such as rocket delivery, fresh, and marketplace, surplussed to $2.87 million in the first quarter, and the third quarter of this year’s adjustment EBITDA was $195 million (261.3 billion won)., It has grown 200% Qom.
The amount of purchases per person increases and new industrial losses are improved
The number of active customers who purchased the product at least once was 17992,000, an increase of 7% compared to last year, and the company’s sales per capita increased by 19% to $284 (380,000 won).
The loss of new industries is also improving. Product commerce sector sales amounted to $4.9 billion (6.65 trillion won), an increase of 28% based on the won, and the loss of new businesses such as Coup ang Play, Coup ang, overseas, and fintech decreased by 50% compared to last year. It was $10,000.
Chairman Kim said, The revenue of the new business division has grown by 10%, and the total sales gains have increased by $42 million compared to the same period last year. Starting from small-scale investments, we will make long-term investments based on principles.
Meanwhile, offline distributor E-Mart, which announced the third quarter’s results, posted sales of 7.77 trillion won to 22% year-on-year. However, operating profit was 170 million won, down 7.9 billion won from the same period last year.
E-Mart said, SCK Company (former Starbucks Coffee Korea) and G-Market’s acquisition of corporate acquisition price distribution (PPA) and one-time costs due to Starbucks Summer Carry bag issues were reflected, but the offline business was solidly growing. It was defended due to the significant online deficit improvement.