[Breaking] Coupang Reports 224.5 Billion Won Operating Profit and 12.8 Trillion Won Revenue in Q3

Coupang Inc., the parent company of Coupang, announced on November 5 that its operating profit for the third quarter of this year reached 224.5 billion won (162 million US dollars, based on the quarterly average exchange rate of 1,386.16 won per dollar). This represents a 51.5% increase compared to 148.1 billion won (109 million US dollars) in the third quarter of last year.

During the same period, revenue was 12.8544 trillion won (9.267 billion US dollars), a 20% increase from 10.69 trillion won in the same period last year. Net profit for the period was 131.6 billion won (95 million US dollars), up 51% from 86.9 billion won (64 million US dollars) a year earlier. The operating margin and net margin stood at 1.7% and 1%, respectively.

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