이마트, 기존점 신장 힘입어 1분기 실적 개선
할인점과 트레이더스 기존점 신장을 바탕으로 실적 증가세
*아래는 위 기사를 구글 번역기로 번역한 영문 기사의 [전문]이다. [Below is the [full text] of an English article translated from the above article with Google Translate.
E-Mart improves 1Q results thanks to expansion of existing stores
Earnings increase on the back of the expansion of discount stores and existing traders stores
[Introduction of the case/ Reporter Park Yeon-pa] = E-Mart announced on the 13th that it recorded a consolidated net sales of 5.89 trillion won in the first quarter of this year, an increase of 13.1% from the same period last year.
Consolidated operating profit was 123.2 billion won, an increase of 74.8 billion won (154.4%) from the same period last year.
Separately, total sales amounted to KRW 4,1972 trillion and operating profit of KRW 113.0 billion, up 10.8% and 32.2% year-on-year, respectively.
E-Mart continued to increase its earnings based on the expansion of discount stores and existing traders stores.
Discount store sales increased 8% year-on-year to 3,1.9 billion won, and operating profit increased 6.9% to 91.2 billion won. It is analyzed that the growth rate of existing stores increased to 7.9% thanks to the strategy to strengthen the competitiveness of offline stores.
Traders' sales increased 25% year-on-year to 8387 billion won, and operating profit increased 37.9% to 24 billion won, continuing double-digit growth. The existing viscosity was also 15.7%, showing a large growth trend.
One of the highlights of E-Mart's 1Q earnings this year is the sharp increase in earnings at its major consolidated subsidiaries. Operating profit of major consolidated subsidiaries such as SSG.com and E-Mart 24 increased by KRW 51.9 billion from the same period of the previous year, driving E-Mart consolidated earnings improvement.
Consolidated operating profit for the first quarter recorded a surplus of around 100 billion won in three years following 2018.
Looking at company-specific performance, SSG.com and E-Mart 24 significantly reduced their losses. SSG.com improved its operating profit by KRW 16.6 billion from the previous year, recording a loss of KRW 3.1 billion, and E-Mart 24's operating profit improved by KRW 2.7 billion from the previous year, with a loss of KRW 5.3 billion.
Shinsegae Food's operating profit turned to a profit of 5.1 billion won, an increase of 9.1 billion won from the previous year, and Shinsegae TV shopping, properties, and I&C continued to show a stable growth trend.
E-Mart said that it achieved an operating profit of 100 billion won in three years as the two axes of offline and online grew evenly amid accelerating online transfer to the retail industry.
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