Carelabs Q3 Sales 23.7 Billion KRW... 23.5% Increase YoY

[Asia Economy Reporter Jang Hyowon] CareLabs, a mobile health and beauty care platform specialist company, is expected to continue its record-breaking sales streak this year.

CareLabs announced on the 12th through its earnings disclosure that its consolidated sales for the third quarter of this year reached 23.76 billion KRW, an increase of approximately 23.5% compared to the same period last year. Operating profit for the same period decreased to 310 million KRW.

The company stated that, as it is aggressively expanding its business centered on consolidated subsidiaries such as Goodoc, the tangible results of external growth are continuing. CareLabs’ cumulative consolidated sales for the third quarter amounted to 69.51 billion KRW, reaching 90.7% of last year’s annual sales of 76.67 billion KRW. The company expects that, given the industry characteristics where performance improvement in the second half of the year becomes visible, it will continue to achieve the highest sales growth since its establishment this year as well.

Park Kyungdeuk, CEO of CareLabs, said, “Although some immediate profitability has slightly decreased due to the expansion of subsidiaries, the continuous increase in sales, which can be considered a growth indicator of the platform business group, is a positive factor.” He added, “Goodoc, which is continuously growing, is preparing for a major overhaul this year to keep pace with the rapidly changing market trends. Along with the with-COVID trend, overseas businesses are also gradually recovering performance and pursuing diversified business initiatives. Therefore, we expect to establish a solid growth structure in the future.”

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