AmorePacific reports robust profit growth in first quarter

Home > Business > Industry

print dictionary print

AmorePacific reports robust profit growth in first quarter

AmorePacific said its first-quarter net profit rose 28.1 percent year-on-year, thanks to strong sales growth in Asian markets, especially China.

Korea’s No.1 cosmetic maker reported 190.8 billion won ($175 million) in net profit on sales of 1.1 trillion won, up 26.7 percent from the previous year.

Its operating profit was up 50 percent year-on-year to 213.9 billion won.

AmorePacific’s sales in emerging Asian markets were 241.2 billion won, up 50.6 percent from a year ago. Sales in the United States and developed countries in Europe decreased by 7.7 percent to 38.9 billion won.

More in Industry

Luxury loungewear is no longer just for lounging

KGC to work on a ginseng-based vaccine adjuvant

Hanwha Techwin continues selling CCTV systems overseas

Popeyes to close all branches in Korea this month

Contract signed for Covid-19 vaccine

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now