Dalba Global posts record Q2 as shares fall on weaker Q3 outlook

Dalba Global reported record second-quarter results, with consolidated revenue rising 45.6% to 46% year over year to 186.9 billion won and operating profit increasing 61.6% to 62% to 47.2 billion won, while net profit climbed 92% to 38 billion won. The figures beat FnGuide consensus estimates of about 183.6 billion won in revenue and 41.2 billion won to 41.3 billion won in operating profit, but the shares fell for a second straight session on Aug. 15, closing at 228,500 won, down 3.18%, after analysts said market expectations had risen above 50 billion won in operating profit ahead of the release. Overseas business remained the main growth driver, with second-quarter overseas revenue up 74% to 141.5 billion won, or about 76% of total sales, as Europe rose about 240% to 242% and North America increased about 174% to 34.8 billion won. Online sales were strong across U.S. TikTok Shop, Amazon, Amazon Canada, Tmall and Douyin, while the company expanded its overseas offline store count to about 9,000 and said Greater China distribution reached 883 stores. Sentiment was also pressured by third-quarter guidance for 170 billion won in revenue and a 17% operating margin, below second-quarter levels, though analysts largely maintained buy ratings and said medium- to long-term growth remains supported by overseas expansion and rising B2B sales.

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