Min&Z, Consecutive Record High Sales for 5 Quarters... Q1 Operating Profit Up 59.5% YoY

[Asia Economy Reporter Hyunseok Yoo] Lifestyle platform company Min&Ji announced its Q1 2021 earnings on the 17th, marking the fifth consecutive quarter of record-breaking quarterly sales.

Based on consolidated financial statements applying the Korean International Financial Reporting Standards (K-IFRS), Min&Ji recorded Q1 sales of 49.3 billion KRW, operating profit of 8.4 billion KRW, and net profit of 7.4 billion KRW. These figures represent increases of 54.8%, 59.5%, and 37.7% respectively compared to the same period last year.

The continuous performance growth of Min&Ji reflects not only steady growth in its own business but also the rapid growth of key consolidated subsidiaries such as the tech-fin company 'SettleBank' and the probiotics specialist 'BioEleven'.

Min&Ji's integrated test-drive platform launched last year, 'TIOR (TRY IT ON THE ROAD)', recently entered the used car test-drive market including Encar.com. The company plans to offer competitive services in the innovative mobility industry sector going forward.

Min&Ji stated, "We were selected as a MyData business operator last January and are exploring new businesses with various fintech companies, focusing on business diversification into areas such as proptech and mobility."

Meanwhile, Min&Ji aims to be a comprehensive lifestyle platform enriching customers' daily lives and is expanding its service areas into various fields including personal information protection, healthcare, and mobility.

This content was produced with the assistance of AI translation services.