PChome Reports NT$16.0 Billion Revenue for the First Half 2018
Continue to Expand Market Scale with Long-term Strategic Objective in Logistics Investment
The no.1 eCommerce Group in Taiwan – PChome Online (8044 TW) today (Aug. 13th) announced 2018 second quarter consolidated financial report. Consolidated revenue for 2Q18 is NT$7.8 billion, growing by 14.3% compared with the same period last year. Consolidated revenue for the first half of 2018 is NT$16.0 billion, creating a historical high record. Personal Store has strong operating momentum with quarterly GMV of NT$15 billion in the second quarter. Consolidated operating expense increased NT$657 million compared with the same period last year. Unconsolidated net loss for PChome Online parent company is NT$323 million. Because of the lower marketing expense and new advertisement revenue from PChomeStore, consolidate net loss for PChome Online is
NT$588 million.
“Personal Store maintains the growing momentum from the first quarter and start to focus on user stickiness and also increase advertisement revenue, striving to monetize the platform.” Chairman of PChome Online, Mr. Jan said. “At the same time, PChome Online Shopping’s revenue in the second quarter increased by 16.4% compared with the same period last year. With the ambition to invest in logistics and fulfillment, along with Taichung transition hub and PChome logistic fleet, PChome is the only service provider with 24h guaranteed deliver and demonstrates a strong commitment to convey ‘everyday reliable’
promise to customers.
Besides, PChome approved the investment proposal to setup PChome Express Inc. – a subsidiary 100% owned by PChome to provide a wide variety of B2B, B2C, B2B2C logistic service.
2018 second quarter operating highlights:
– PChome Online Shopping introduced OTA services in this quarter and led to the strong growth of tourism-related and outdoor leisure products. With strong brand promotions, sales of mobile communication gadgets also increased by 150% yoy.
– The number of stores in PChome Store reached 100,000 stores and GMV of Personal Store reached NT$15 billion during the quarter.
– Ruten Auction released AI advertisement robot and personalized recommendation service.
For more financial details, please visit Market Observation Post System.
