E-Mart Q3 Operating Profit KRW 111.7 Billion...Quarterly Biggest Earnings in Three Years

E-Mart announced that its operating profit in the third quarter of this year was tentatively counted at 111.7 billion won on a consolidated basis.

It is up 33.8 billion won and 43% from the same period last year, the largest quarterly performance in more than three years since the first quarter of 2021.

Sales fell 2.6% from the same period last year to KRW 7.585 trillion, but net profit increased more than five times to KRW 155.4 billion.

E-Mart explained that strengthening competitiveness in its main business, such as selling daily necessities at the lowest price, led to results, and major subsidiaries such as Starbucks also improved their performance.