E-Land Reports Record Half-Year Operating Profit of 231.6 Billion Won

E-Land World achieved its highest half-year operating profit in a decade, driven by balanced growth across its key sectors, including fashion, dining, and retail.

On August 14, E-Land announced that its consolidated operating profit for the first half of this year reached 231.6 billion won, a 48% increase compared to the same period last year. This marks the highest level for the first half in the past ten years. Cumulative sales during the same period totaled 2.8398 trillion won, up 4% from the previous year. Improved profitability also led to a net profit increase of 111.4 billion won compared to last year.

An E-Land Group official stated, "Both cumulative sales and net profit have grown in the first half of this year, reflecting the positive impact of restructuring efforts across our major business divisions and brands."

The fashion sector showed particularly strong growth. Sales in this division increased by 9% year-on-year, while operating profit rose by 29%. New Balance and New Balance Kids continued their stable growth, and the performance of E-Land's own brands, including Spao, Misso, and Huayu, also improved. E-Land noted that the simultaneous increase in sales and operating profit across its major brands has enhanced the overall competitiveness of its fashion portfolio.

The dining sector also maintained its growth trend. E-Land Eats reported a cumulative sales increase of 11% year-on-year, with net profit rising by 50%. E-Land Eats has achieved six consecutive years of growth, successfully expanding its scale while improving profitability.

The flagship brand, Ashley Queens, led the performance with double-digit growth in both sales and operating profit. Sales for Pizza Mall, Deli by Ashley, and Rooun increased by 36%, 35%, and 43%, respectively.

E-Land Retail, responsible for the retail sector, also saw a significant improvement in profitability. Cumulative transaction volume for the first half increased by 3% compared to the previous year, while operating profit surged by 243%.

An E-Land Group official remarked, "With our highest operating profit in a decade, we aim to continue this growth trend annually by enhancing the competitiveness of our core business areas while maintaining our focus on management efficiency."