[Breaking] Coupang Posts 209.3 Billion KRW Operating Profit in Q2... Revenue Nears 12 Trillion KRW

Operating Profit and Net Profit Turn Positive Compared to Last Year

Coupang Inc, the parent company of Coupang, announced on August 6 that it recorded an operating profit of 209.3 billion won ($149 million, with an average quarterly exchange rate of 1,405.02) in the second quarter of this year. This marks a turnaround from an operating loss of 34.2 billion won in the second quarter of last year.

Yonhap News Agency

Revenue reached 11.9763 trillion won ($8.524 billion), representing a 19% increase compared to the same period last year (10.0357 trillion won). Net profit for the period turned positive as well, reaching 43.5 billion won ($31 million). The operating profit margin and net profit margin stood at 1.7% and 0.4%, respectively.