Record Highest Quarterly Sales Achieved

Coupang Daegu Fulfillment Center (FC) exterior view. [Photo by Coupang]

Coupang Daegu Fulfillment Center (FC) exterior view. [Photo by Coupang]

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Coupang announced on the 10th (Korean time) through its earnings report submitted to the U.S. Securities and Exchange Commission (SEC) that it recorded an operating profit of 136.2 billion KRW (167.7 million USD) in the first quarter of this year, marking three consecutive quarters of operating profit.


During the same period, sales reached 7.399 trillion KRW (5.8053 billion USD), a 20% increase compared to 6.1653 trillion KRW in the same quarter last year, setting a record for the highest quarterly sales.


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Net profit for the period was 116 billion KRW (90.85 million USD). Considering that in the first quarter of last year, the company recorded an operating loss of 247.8 billion KRW and a net loss of 252.1 billion KRW, this represents a remarkable improvement in profitability and a successful turnaround to profitability within one year.


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