Gmarket Reports First Quarter 2008 Financial Results
Gmarket reported total revenues of Won 64.6 billion ($65.4 million) for the first quarter of 2008, representing a 35% increase from total revenues of Won 48.1 billion for the first quarter of 2007.
The Company’s gross merchandise value (“GMV”), which represents the total value of all items sold on Gmarket’s website, increased by 29% to Won 933.4 billion ($944.2 million) for the first quarter of 2008 compared to Won 723.0 billion for the same period in 2007. Transaction fee revenues for the first quarter of 2008 were Won 36.8 billion ($37.2 million), representing a 22% increase from Won 30.3 billion for the first quarter in 2007. Advertising and other non-transaction revenues for the first quarter of 2008 were Won 27.8 billion ($28.2 million), representing a 56% increase from Won 17.8 billion for the same period in 2007.
Operating income for the first quarter of 2008 was Won 10.3 billion ($10.4 million), representing a 89% increase from Won 5.5 billion for the same period in 2007.
Net income for the first quarter of 2008 was Won 10.3 billion ($10.4 million), representing a 55% increase from Won 6.7 billion for the same period in 2007. Earnings per diluted share for the first quarter of 2008 increased to Won 204 or, $0.21, up from Won 132 for the same period in 2007.
"We are off to a good start in 2008,” said Young Bae Ku, Chief Executive Officer of Gmarket. ”In the first quarter, we achieved record-high operating income and solid revenue growth in a typically slow period as compared to the fourth quarter. We believe that these results reflect our strong market position and have put us on track for another successful year."
During the first quarter of 2008, the Company’s registered user base grew to approximately 14.3 million from 13.7 million registered users at the end of the fourth quarter of 2007. In addition, the Company averaged 18.0 million monthly unique visitors in the first quarter of 2008, compared to 16.9 million unique visitors during the first quarter of 2007.
웹사이트: http://www.gmarket.co.kr
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2008년 7월 30일 08:38