KT Alpha Reports Operating Profit of 6.9 Billion KRW in Q2, Up 157.3% YoY

Operating Profit 6.9 Billion KRW · Sales 110.1 Billion KRW
Net Income 6.6 Billion KRW…2762% Increase YoY

KT Alpha announced on the 9th that its operating profit for the second quarter reached 6.9 billion KRW, marking a 157.3% increase compared to the same period last year. During the same period, sales decreased by 5.3% to 110.1 billion KRW. Net profit soared by 2762.1% to 6.6 billion KRW compared to the previous year.

KT Alpha [Photo by KT Alpha]

Looking at each business segment, commerce business sales amounted to 73.2 billion KRW, down 9.1% year-on-year. Due to the endemic (periodic outbreak of infectious diseases), the overall home shopping industry experienced a downturn, leading to a decline in KT Alpha Shopping’s sales. However, improvements in the commerce business structure and cost reduction efforts significantly enhanced profitability, driving the company-wide increase in operating profit.

Mobile gift commerce business sales were 23.2 billion KRW, a 1.1% decrease compared to the same period last year. This is interpreted as a result of decreased sales of wired advertising products, one of the call value-added services.

Content media business sales were 13.7 billion KRW, down 12.5% year-on-year. This was due to strong sales of newly released films in the first half of the year, as well as increased advertising revenue from the movie channel Cinema Cheongguk and FAST channels, and expanded overseas sales performance of global distribution rights, which also had a positive impact.

A KT Alpha representative stated, "KT Alpha is striving to secure product competitiveness in various ways, including launching its own fashion private brand (PB), and plans to continue expanding its profit base through cost efficiency improvements."

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