Coupang grows revenue but sees profit plunge, returns to loss

Coupang Inc., the U.S.-based parent of Coupang, said on the 27th that fourth-quarter revenue last year rose 15.3% from a year earlier to 12.8103 trillion won ($8.835 billion), while operating profit fell 97% to 11.5 billion won ($8 million).

The net loss for the fourth quarter last year was 37.7 billion won ($26 million), turning to a loss from a net profit of 182.7 billion won ($127.58 million) a year earlier.