Able Corporation, which operates the online women's fashion platform Able, announced on the 7th that its sales last year reached 334.3 billion won, a 30% increase compared to the previous year.
During the same period, the transaction amount recorded 25 trillion won. Both sales and transaction amounts are the highest ever.
Last year, the service revenue from 'Able Sellers' (open market) increased by 42% year-on-year to 189.1 billion won. The product sales, which include the Able Fulfillment Solution 'Able Partners', amounted to 145.1 billion won, an increase of about 15% compared to the previous year.
Operating profit turned to a loss of 15.4 billion won last year from a profit of 3.2 billion won in 2023.
Able explained that this is the result of actively reinvesting more than 10 billion won annually into new businesses such as '4910' and 'Fintech' and global expansion through 'Amood.' It also mentioned that the decision to provide the entire operating profit of 3.3 billion won for 2023 as company-wide incentives had an impact as they celebrated their first profit since its establishment.
Able Corporation plans to drive the expansion of new businesses, including '4910', 'Amood', and 'Fintech', in addition to Able.
Kang Seok-hoon, CEO of Able Corporation, noted, 'We are not resting on our laurels from Able's achievements, but are expanding our territory to Namsung and the global market to achieve 'limitless growth.' This year, we plan to accelerate portfolio expansion with strong artificial intelligence (AI) technology, vast amounts of high-quality preference big data, and a specialized team.'