Mona Yongpyong Achieves Cumulative Q3 Sales of 208 Billion Won, Up 7.4% Year-on-Year

Mona Yongpyong, a four-season premium resort (CEO Park Injun), announced through a public disclosure on November 14 that its cumulative consolidated sales for the third quarter of this year reached 208.038 billion won, with operating profit at 23.767 billion won.

This represents an increase of 7.4% and 15.3%, respectively, compared to the same period last year. Stable performance in the resort and hotel divisions, along with ongoing cost-efficiency efforts, contributed to improved profitability. The operating margin stood at 11.4%, up 0.8 percentage points year-on-year, maintaining a trend of stable sales growth and profitability improvement.

For the third quarter alone, sales were 48.084 billion won and operating profit was 4.523 billion won, both of which declined compared to the previous year. However, this was attributed to a base effect from the large-scale pre-recognition of sales in the second quarter, following the completion of the premium condominium 'Lusongchae.'

Focusing solely on the resort operation segment, all areas-including hotel and condominium, golf, and ancillary facilities-achieved stable sales at or above the levels of the same period last year. In particular, the hotel and condominium segment recorded 22.582 billion won, a 13% increase year-on-year, driven by a rise in summer peak season occupancy rates, growing demand for family travel, and a strategy to increase average revenue per customer.

The company expressed confidence in its resort operation performance for the upcoming fourth quarter. With the opening of the ski season approaching, both domestic and international customer demand is increasing. The company anticipates continued strong performance through a variety of winter season packages and festival programs. Additionally, participation in the global multi-resort pass 'Ikon Pass' this year is expected to gradually boost demand from overseas skiers.

A representative from Mona Yongpyong stated, "Although third-quarter sales appeared to decline due to the temporary recognition of sales from condominium distribution, the resort operation segment maintained stable growth compared to last year. We expect robust performance to continue in the fourth quarter, supported by the ski season and the expansion of our global network."

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