Oasis Market Achieves Highest Operating Profit in Q1... Up 171% YoY

[Asia Economy Reporter Lim Chunhan] Oasis Market announced on the 13th that its sales in the first quarter of this year reached 98.9 billion KRW, a 26% increase compared to the previous year, and operating profit increased by 171% to 4.45 billion KRW.

Oasis Market is the only profitable company in the e-commerce industry and has maintained a profit trend since its establishment in 2011. Oasis Market analyzed that the significant growth was due to enhancing product competitiveness through expanding categories such as ready-to-eat meals from popular restaurants, and diversifying services by introducing new services like live commerce. In particular, by adopting and applying a logistics automation solution called Oasis Route, it maximizes logistics efficiency in e-commerce operations from product ordering to receiving, inventory management, picking and packing, shipping, and delivery.

The number of members is continuously increasing and is approaching 1 million. Going forward, the company plans to expand differentiated marketing to increase new members and continuously grow sales. The number of offline stores has also increased from 31 in 2020 to 52 currently.

Junhyung Ahn, CEO of Oasis Market, said, “In the first quarter of this year, we caught two rabbits at once: sales growth and achieving the only profit in e-commerce,” and added, “We will continue to diligently strengthen our fundamentals and put more effort into growth.”

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