Emart remains in the red in the second quarter
Published: 14 Aug. 2023, 18:33
Updated: 14 Aug. 2023, 18:37
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- JIN MIN-JI
- jin.minji@joongang.co.kr
![People shop at an Emart branch in Ilsan, Gyeonggi. [EMART]](https://koreajoongangdaily.joins.com/data/photo/2023/08/14/d5580b1a-56fb-4e93-b273-c475de912dab.jpg)
People shop at an Emart branch in Ilsan, Gyeonggi. [EMART]
Emart on Monday reported a second-quarter net loss of 103.2 billion won ($77.4 million), remaining in the red compared with a year ago.
The company said in a regulatory filing that it continued to post an operating loss of 53 billion won for the April-June period, compared with a loss of 12.3 billion won a year earlier. Revenue rose 1.7 percent to 7.27 trillion won.
The operating loss was 158.5 percent higher than the average estimate, according to a survey by Yonhap Infomax, Yonhap News Agency's financial data firm.
Yonhap
with the Korea JoongAng Daily
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