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Games & Commerce

E-Mart posts 43 billion won operating loss in Q2, swings to deficit

E-Mart said on Aug. 13 it posted a consolidated operating loss of 43 billion won in the second quarter, swinging to a deficit as weakness at subsidiaries such as SCK Company weighed on profitability. Consolidated net sales fell 1.8 percent to 6.915 trillion won. On a standalone basis, E-Mart reported operating profit of 25.6 billion won. It cited growth at renewed stores and double-digit gains at Traders.

Industry

Emart Q1 operating profit 178.3 billion won; Traders posts record quarterly sales

Emart said on Tuesday its first-quarter operating profit rose 11.9 percent from a year earlier to 178.3 billion won on consolidated revenue of 7.12 trillion won, its best first-quarter result since 2012. Separate operating profit increased 9.7 percent. Traders led the improvement with record quarterly sales of 1.06 trillion won and higher profit. Emart also reported higher April sales and growth at key subsidiaries.