GS Homeshopping, the nation’s No. 2 homeshopping outlet, on Thursday said it achieved a record-high profit in the fourth quarter on the back of improved sales margins.
The Seoul-based company’s quarterly operating profit in the October-December 2012 period rose by over 80 percent from the same period the previous year to reach 50.8 billion won ($46.6 million), while sales rose by more than 10 percent to 818.2 billion won.
Most of the sales appeared to be coming from fashion items, according to Eugene Investment.
“GS has a great pair of hosts, and are selling mostly fashion and beauty products, which seem to be a distinguished strategy in the sector,” said Kim Mi-hyun, an analyst at Eugene.
On Thursday, GS Homeshopping stocks rose 4,100 won to close at 170,600 won.
(
jemmie@heraldcorp.com)
