Kurly said on the 11th that third-quarter revenue rose 4.4% from a year earlier to 578.7 billion won. Operating profit for the same period swung to a profit of 6.1 billion won. Net profit came to 2.3 billion won.
Kim Jong-hun, Kurly chief financial officer (CFO), said, "We achieved a third straight quarter of operating profit and our first net profit as growth in our core business aligned with the effects of diversification."
Kurly's total transaction value was tallied at 870.5 billion won, up 10.3% from a year earlier. In the food category, robust sales of fresh food lifted transaction value by 7.7%, while transaction value for seller-shipped goods (3P), including fulfillment service (FBK), rose 45.7%.
It was interpreted that product competitiveness in fashion, kitchenware and interior goods led to an increase in 3P transactions. The expansion of the Dawn Delivery service area was also seen as helping improve results. Kurly launched Dawn Delivery service in 11 regions, starting with Gyeongju in Feb. last year and expanding to Pohang, Yeosu, Suncheon and Gwangju.