BGF Retail Reports Q3 Operating Profit of 91.5 Billion KRW, Up 31.7% YoY (Comprehensive)
Differentiated New Products Drive Performance
[Asia Economy Reporter Lim Chunhan] BGF Retail announced on the 3rd that its consolidated operating profit for the third quarter of this year was preliminarily estimated at 91.5 billion KRW, a 31.7% increase compared to the same period last year.
Sales reached 2.0557 trillion KRW, up 11.9% from the same period last year. Net profit increased by 40.6% to 69.3 billion KRW.
With an increase in foot traffic during the summer peak season, sales generally rose across all regions and commercial districts. In particular, various differentiated new products and customer promotions received great responses, driving the performance growth.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
A BGF Retail official said, “Based on high profitability and the industry's number one premium status, new stores have steadily increased at the same level as last year, creating a virtuous cycle effect that strengthens both internal and external growth.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
