Interpark Reports Operating Loss of 6.1 Billion KRW in Q1... Turns to Deficit

[Asia Economy Reporter Kim Ji-hee] Interpark announced on the 7th that its consolidated operating loss for the first quarter of this year was 6.1 billion KRW, turning to a deficit compared to the same period last year. During the same period, sales increased by 5% to 793.6 billion KRW.

On a separate basis, operating profit was 100 million KRW, surpassing the break-even point and turning to a profit compared to the previous quarter.

An Interpark official stated, "The financial structure stabilized with the launch of the merged corporation in July last year," adding, "Dividend income through its subsidiary iMarketKorea contributed to offsetting losses caused by the downturn in the travel and performance industries." They also explained that orders related to the development of the Tokyo Olympic ticket sales system and efforts to reduce internal costs were helpful.

Meanwhile, in July last year, Interpark Holdings (the surviving corporation) and its subsidiary Interpark (the dissolved corporation) merged under the name Interpark.