Coupang, 10.6 trillion won 'maximum sales' in Q3...a turnaround in the black

Coupang achieved its largest quarterly sales in Q3.

Coupang Inc, the parent company of Coupang, announced today (the 6th) that its third quarter sales were 10.6 trillion won after the New York Stock Exchange closed.

It also disclosed that operating profit was $109 million, about 148.1 billion won.

This is a 29% increase compared to the third quarter of last year, and Coupang succeeded in turning from a deficit to a surplus in the second quarter.

However, cumulative operating profit from Q1 to Q3 was KRW 167 billion, down 62% from the same period last year.

As Coupang reflected the FTC's estimate of KRW 163 billion in fines, cumulative operating profit fell by more than half from last year.