E-Land Group sharply increased its operating profit in the first half of this year on the back of balanced growth across its key businesses in fashion, dining, and distribution.
According to the Financial Supervisory Service's electronic disclosure system on the 14th, E-Land Group's first-half operating profit was 231.6 billion won, up 48.5% from a year earlier. Revenue for the same period rose 3.5% to 2.8398 trillion won. Net profit came to 79.5 billion won, swinging to the black.
The fashion business achieved both top-line growth and improved profitability. First-half revenue rose 9% from a year earlier, and operating profit increased 29%. With New Balance and New Balance Kids maintaining steady growth, major brands such as SPAO, MIXXO, and WHO.A.U also saw increases in both revenue and operating profit.
E-Land Group's dining arm, E-Land Eats, extended its growth streak for a sixth straight year. First-half revenue increased 11% year over year, and net profit rose 50%. The flagship brand Ashley Queens posted double-digit growth in both sales and profitability, while Pizza Mall, Deli by Ashley, and Lowon also showed strong growth.
Performance at E-Land Retail, the distribution institutional sector, also improved. First-half transaction value rose 3% from a year earlier, and operating profit surged 243%. The company said profitability-focused structural reforms, including rolling merchandise planning (MD) overhauls by store, attracting new brands, and expanding the off-price store "NC FIX," translated into results.
An E-Land Group official said, "As we invested in proven business areas and brands while simultaneously pursuing management efficiencies, performance and revenue are growing, and net debt is decreasing, improving our financial structure," adding, "With operating profit at its highest in 10 years, we will enhance business competitiveness and maintain our efficiency-focused management stance to sustain annual growth."