E-Mart surpassed 20 trillion in sales last year… 57.4% increase in operating profit

Input 2021.02.09 14:22 | Revision 2021.02.09 15:01

E-mart (139480)Last year’s sales exceeded 20 trillion won. Sales of existing E-Mart stores increased as sales of fresh foods increased sharply due to the coronavirus infection (Corona 19).

On the 9th, E-Mart announced that last year’s consolidated sales amounted to 21,394.9 billion won, an increase of 17.8% from the previous year. During the same period, operating profit increased 57.4% to 237.1 billion won, and net profit increased 62% to 362.5 billion won.

The results disclosed by E-Mart included all sales, operating profit, and net profit of △E-Mart △E-Mart 24 △SSG.com △Starfield △Shinsegae Food △Shinsegae TV Shopping.

E-Mart’s performance, which accounts for about 70% of sales, improved last year. E-Mart’s net sales last year stood at 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.

The company said that the sales of existing discount stores such as E-Mart and Traders decreased 3.4% year-on-year in 2019 and increased 1.4% last year. In particular, the growth rate of Traders’ total sales increased from 22.4% in 2019 to 23.9% last year.

E-Mart announced that it will pay 2,000 won in cash dividend per common share. The total dividend is about 54 billion won, the same as last year.