PChome Reported NT$10.68 Billion Revenue in 20Q1
Revenue Broke NT$10bn for Two Consecutive Quarters
Profit in 20Q1 was Double than 19Q1
The largest eCommerce group in Taiwan – PChome Online(8044-TT) today(May 13th) announced financial report for 2020 first quarter. Consolidated revenue for 2020 1st quarter was NT$10.68 billion, growing by 16.05% compared with the same period last year, which also hit the historical high record in the same period ever. Moreover, PChome’s quarterly revenue broke NT$10bn for two consecutive quarters. Consolidated operating income was 145 million. Net income for 20Q1 was 103 million and EPS was NT$0.88. Also, PChome performed well in the part of profitability in the first quarter, which was double the amount of same period last year.
PChome showed strong growing momentum in the first quarter. With the dramatic increase in demand for work-from-home and distance-learning devices, PChome’s B2C business keep the leading position all over 3C product channels. In addition, successful strategy of attracting female consumption and increase of female members also raise FMCG sales. Moreover, there are more and more stores opened in C2C marketplace, which indicates potential C2C markets are approached by PChome. With a growing number of brick-and-mortar stores expanding business to online stores, PChome’s C2C business provide solutions of online and offline integration, cooperating with local governments to encourage digital transformation. Finally, in the part of PChome’s fintech business, P points ecosystem keeps expanding, and PChome remains optimistic about its operation this year.
For more financial details, please visit Market Observation Post System.
About PChome
PChome Online (8044 TW) is the largest ecommerce group in Taiwan, reporting NT$34.6 billion consolidated revenue in 2018. It’s listed on Taiwan Stock Exchange since January 2005, with the largest B2C portal PChome24h and the best C2C website Ruten Taiwan. The B2C catalog is the most comprehensive one in Taiwan, features over 5 million items, in which more than 2 million offer pioneering 24-hour delivery in Taiwan and 6-hour delivery service in Taipei City.
