On the morning of the 9th, a customer is watching a milk kit at E-Mart, Yongsan-gu, Seoul. E-Mart announced on the 9th that it will sell family foods and toys at a discount of up to 50% on the 10th to 17th, during the holiday season, as more people are expected to stay at home without returning home during the Lunar New Year holidays. yunhap news
E-Mart is the first domestic distribution company to exceed 20 trillion won in annual sales.
E-Mart announced on the 9th that last year’s consolidated sales amounted to 21,394.9 billion won, an increase of 17.8% from the previous year. Sales in 2019 were 18,167.9 billion won.
Last year’s operating profit was 237.1 billion won, an increase of 57.4% year-on-year, and net income increased 62% to 3625 billion won.
E-Mart made a public announcement on the day that’sales or profit and loss structure (operating profit) 30% (large corporations 15%) or more changed’ according to the’surprise’ performance. The official results are scheduled to be announced in the middle of this month.
E-Mart announced that the sales of existing discount stores (large marts) increased 1.4% year-on-year for the main reasons for the change in sales or profit/loss structure. It has been four years since 2016 that the discount store growth rate has turned positive.
E-Mart’s net sales last year were 14,2138 billion won, up 8% from the previous year. Operating profit increased by 17% to 295 billion won, and net profit increased by 93% to 5607 billion won.
E-Mart also revealed that the reason for the performance improvement is that the sales growth rate of Traders, a warehouse-type discount store, recorded 23.9% last year.
The increase in sales of E-Mart stores and traders is due to increased demand for food and food sales due to the prolonged COVID-19 outbreak. At the beginning of last year, there were fewer visitors to hypermarkets in the early stages of Corona 19, but as Corona 19 was prolonged, the demand for food and daily necessities surged by refraining from going out and staying at home.
An E-Mart official said, “Revenue and operating profit increased based on the even growth of connected subsidiaries such as E-Mart, SSG.com, and Shinsegae TV Shopping, which reinforced customer-oriented management in an uncertain external environment such as Corona 19.”
Meanwhile, E-Mart decided on a cash dividend of 2,000 won per share. The total amount of dividends is 52.9 billion won.
Reporter Baek Minjeong [email protected]