Modetour Reports Operating Profit of 6.3 Billion KRW in Q1... "Return to Profit After 3 Years and 9 Months" (Comprehensive)

"Theme Product Sales Increase and Productivity Improvement Effects"

Modetour announced on the 15th that its operating profit for the first quarter of this year on a consolidated basis reached 6.3 billion KRW, successfully turning a profit compared to the same period last year. During the same period, sales increased by 792% year-on-year to 42.2 billion KRW, and net profit turned positive at 5.8 billion KRW.

This marks Modetour's first return to profitability since the second quarter of 2019, overcoming the impact of COVID-19 after 3 years and 9 months. The company cited the increase in sales of new 'theme products' reflecting diverse customer needs, including the recently focused 'Modusignature' and 'Concept Tour,' as well as productivity improvements through cost structure optimization, as the driving forces behind the turnaround.

Additionally, the number of package tour customers dispatched in the first quarter was approximately 197,000, a 9,300% increase compared to the same period last year, and a 116% increase compared to the previous quarter, maintaining steady growth.

A Modetour representative stated, "As we prepare for the full reopening of economic activities, we focused on 'overseas packages,' the area where Modetour excels the most. Based on 34 years of experience operating overseas packages, we plan to expand both online and offline sales channels and strengthen customer-centric products and differentiated services."

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