"Profitability Improvement through Economies of Scale" Oasis Market Reports Operating Profit of 7.2 Billion KRW in Q2, Up 171% (Comprehensive)

Sales Revenue 202.4 Billion KRW, 21% Increase Year-on-Year
Operating Profit and Sales Revenue Increase Simultaneously... "Growth Acceleration"

[Asia Economy Reporter Yuri Kim] Oasis Market announced on the 22nd that it achieved an operating profit of 7.19 billion KRW in the second quarter of this year, marking a 171% growth compared to the same period last year. This is attributed to significantly improved profitability through economies of scale by expanding operations at the Seongnam 2nd Smart Integrated Logistics Center.

During the same period, sales reached 202.4 billion KRW, a 21% increase compared to the second quarter of last year. The company explained, "Amid rising basket prices and increased consumer burden, our pricing policy, which continues to uphold our original identity of offering premium products such as eco-friendly items at reasonable prices, has been effective in attracting consumers."

Since entering the dawn delivery market in 2018, Oasis Market has consistently generated operating profits, gaining attention as the only profitable company in the industry. In the second quarter of this year, both operating profit and operating profit margin increased. The operating profit margin for Q2 was 3.55%, up from 1.59% in the same period last year.

Building on its profitable structure, Oasis Market plans to expand its influence in the e-commerce market in collaboration with partners such as KT, KT Alpha, and E-Land Retail. The Uiwang Smart Fulfillment Center, which began full-scale operations last month, is also part of this plan. Oasis Market stated, "We are steadily growing, recently surpassing 1 million online members. Given the greater potential ahead, we plan to continue various initiatives to maximize the profit-generating experience we have accumulated so far."

Meanwhile, Oasis Market was named a unicorn company by the Ministry of SMEs and Startups in the first half of this year. Since April 2020, it has received investments from Korea Investment Partners, Kakao Investment, Must Ventures, Pentastone-Cornerstone, and Unison Capital. In October last year, it secured a total investment of 10 billion KRW, with 5 billion KRW each from Korea Investment & Securities and NH Investment & Securities, recognizing a valuation of 1.01 trillion KRW.

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