Hyundai Home Shopping, 3Q operating profit decreased by 43.7%... "Effect of reduction in high-priced product range"

Reporter Kim Jisun / approved : 2023-11-07 03:00:16
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[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Home Shopping's third-quarter operating profit fell sharply compared to last year due to falling ratings and a consequent contraction in consumption.

Hyundai Home Shopping made an announcement on the 6th that its third-quarter sales fell 5.1% year-on-year to 505.1 billion won and operating profit fell 43.7% to 16.8 billion won.

Looking at home shopping alone, sales in the third quarter fell 7.4% to 255.1 billion won from last year and operating profit fell 68.2% to 9.3 billion won.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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