OA Market announced on the 20th that it achieved record annual operating profit and sales last year, marking its 13th consecutive year of profitability.
OA Market's operating profit was 22.9 billion won, a 72% increase compared to the same period last year, while sales rose by 9% to 517.1 billion won.
Net profit for the period was 22.8 billion won, representing a 66% growth compared to the previous year. Additionally, online sales increased by 15% year-over-year.
An official from OA Market noted, "The know-how of OA Market's early morning delivery, which has improved profitability through business structure efficiency, played a key role in the performance enhancement," and added that "the increase in the number of members and the loyal customers who order more than six times a month also contributed significantly."
According to OA Market, the "OA Market Appreciation Festival" held to celebrate surpassing 2 million members since the end of February led to a 30% increase in daily online orders compared to the previous year, with daily new subscribers also more than doubling.
OA Market plans to introduce an "AI Retail Unmanned Cash Register" that combines artificial intelligence (AI) technology and programmable logic controller (PLC) functionality for the first time in offline stores during the first half of this year. To expand the online delivery areas nationwide, the company intends to secure a new logistics center within the year and actively engage in marketing activities to focus on increasing sales.
An Jun-hyung, the CEO of OA, stated, "Early morning delivery has once again proven that it is a viable business for profitability," adding, "This year, we will strive to become an innovative corporation in the retail industry through active expansion of online and offline business and technological innovation based on the know-how we have accumulated for profitability."