Hyundai Home Shopping Reports 36.3 Billion KRW Operating Profit in 1Q, Down 18.2% YoY

Home Shopping Separate Operating Profit 35.3 Billion Won... 10% ↓ "Impact of Transmission Fee Increase"

[Asia Economy Reporter Yuri Kim] Hyundai Home Shopping announced on the 9th that its consolidated operating profit, including Hyundai Home Shopping, Hyundai L&C, and Hyundai Rental Care, was 36.3 billion KRW in the first quarter of this year, down 18.2% compared to the same period last year. During the same period, sales improved by 0.8% to 539.1 billion KRW.

Hyundai Home Shopping's standalone operating profit for the first quarter was 35.3 billion KRW, a decrease of 10.0%. Net sales fell 0.6% to 270.5 billion KRW. A Hyundai Home Shopping official stated, "Sales were maintained at last year's level, but operating profit decreased due to an increase in transmission fees."

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