[Public Notice+] Zaigle Reports Operating Profit of 1.5 Billion KRW in Q3... Returns to Profitability

[Asia Economy Reporter Koo Eun-mo] Zaigle has achieved an early turnaround to profitability this year through management efficiency improvements.

Zaigle announced on the 13th through a public disclosure that its operating profit for the third quarter of this year was 1.5 billion KRW, successfully turning profitable compared to the same period last year. Net profit for the same period also turned positive at 1.3 billion KRW.

According to the company, management efficiency efforts aimed at improving business structure, strengthening business capabilities, and securing financial soundness have been successfully carried out since the beginning of this year, resulting in an earlier-than-expected turnaround to profitability. The cumulative operating profit, which was in deficit during the first half of the year, also turned positive from the third quarter, and the positive trend is expected to continue through the end of the year.

The upward trend in performance is expected to continue into the fourth quarter. Zaigle has already launched the next-generation air fryer, 'Zaigle OneQ,' and is reportedly developing and preparing to launch seven new products, including grills, oxygen beauty devices, and medical home appliances. Some products are scheduled for early release within the year, which is expected to boost sales in the fourth quarter.

Zaigle plans to continue the management efficiency improvements that laid the foundation for the turnaround to profitability. The previously established channel diversification and new product strategies are also progressing smoothly, and the company plans to further strengthen overseas sales channels to actively expand its presence in the global market.

A Zaigle representative said, “We implemented systematic management efficiency measures to achieve profitability this year and reached our goal in a short period. With the smooth development of new well-being home appliance products, we expect significant sales growth next year.”