Curly, 2Q Operating Loss of 8.3 Billion KRW... Sales Up 6%

Achieving EBITDA Profit for Two Consecutive Quarters

Kurly, the operator of Market Kurly, recorded an operating loss of 8.3 billion KRW in the second quarter of this year.

According to Kurly's 2024 semi-annual report disclosed on the 21st, Kurly's consolidated sales for the second quarter of this year amounted to 538.7 billion KRW, a 6% increase compared to the same period last year. During the same period, the operating loss improved by approximately 39 billion KRW to 8.3 billion KRW.

The reduction in operating loss was achieved by significantly cutting costs. Kurly closed its Songpa logistics center and opened new centers in Changwon and Pyeongtaek equipped with automated process facilities. This improved the order processing capacity of Kurly's entire logistics infrastructure. Additionally, packaging costs were reduced by 19% compared to the previous year.

The total gross merchandise volume (GMV) for the first half of this year reached 1.5 trillion KRW, a 13.8% increase from the same period last year. The GMV for the second quarter rose 14.4% year-on-year to 765.8 billion KRW. Kurly stated that fresh food, along with new business areas such as seller delivery (3P) and beauty products, contributed to this growth.