Kolmar's plant in the U.S. is seen, in this undated file photo provided by the cosmetics company.
SEOUL, May 8 (AJP) - Cosmetics maker Kolmar posted its best-ever quarterly results, thanks to surging demand for sun-care products ahead of the summer season.
Its operating profit for the first three months of this year rose 31.6 percent from a year earlier to 78.9 billion Korean won (about US$54 million), while revenue increased 11.5 percent to 728 billion won and net profit jumped 158.7 percent to 60 billion won.
Both operating profit and revenue reached record highs for any quarter, a notable achievement given that the first quarter is typically a slow season for the cosmetics industry.
Kolmar manufactures a range of cosmetics including sunscreen and skincare products for major brands such as Innisfree and Dr.Jart+ as well as indie beauty brands like Goodai Global. In particular, its line of sun-care products developed in collaboration with Goodai Global recently surpassed 100 million units in cumulative sales over the past five years.
A Kolmar staffer attributed the company's best-ever first-quarter performance to surging demand for sunscreen and related products as consumers stock up ahead of the summer months.
Its operating profit for the first three months of this year rose 31.6 percent from a year earlier to 78.9 billion Korean won (about US$54 million), while revenue increased 11.5 percent to 728 billion won and net profit jumped 158.7 percent to 60 billion won.
Both operating profit and revenue reached record highs for any quarter, a notable achievement given that the first quarter is typically a slow season for the cosmetics industry.
Kolmar manufactures a range of cosmetics including sunscreen and skincare products for major brands such as Innisfree and Dr.Jart+ as well as indie beauty brands like Goodai Global. In particular, its line of sun-care products developed in collaboration with Goodai Global recently surpassed 100 million units in cumulative sales over the past five years.
A Kolmar staffer attributed the company's best-ever first-quarter performance to surging demand for sunscreen and related products as consumers stock up ahead of the summer months.
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