IMarketKorea Announces Consolidated Earnings Results for the First Quarter of 2017
May 11, 2017
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iMarketKorea announced consolidated earnings results for the first quarter of 2017. For the quarter, the company reported revenue of KRW 788,412 million compared to KRW 715,754 million a year ago. Operating income was KRW 11,856 million compared to KRW 10,131 million a year ago. Income before tax was KRW 13,428 million compared to KRW 9,784 million a year ago. Net income was KRW 8,641 million compared to KRW 6,025 million a year ago. Improvement in profitability resulted from volume growth and improved margin of iMarket Vietnam.
iMarketKorea Inc. is a Korea-based company principally engaged in the industrial material business to business (B2B) electronic commerce. It mainly operates in two divisions: industrial material B2B electronic commerce division, which involves in the maintenance, repair & operation (MRO) procurement services, global procurement services, raw and subsidiary materials procurement services, B2B shopping mall services covering office supplies, factory supplies and specialized supplies, procurement consulting services, as well as security paper manufacturing division, which involves in the development and manufacture of security papers and distribution of security gate and others. The Company provides its procurement services for domestic customers and foreign customers.
IMARKETKOREA INC. 
