Korean cosmetics manufacturer Kolmar has achieved a significant milestone by surpassing 1 billion won in quarterly operating profit for the first time.
On August 12, Kolmar announced that its consolidated operating profit for the second quarter reached 110.3 billion won, a 50.2% increase compared to the same period last year. During the same timeframe, sales rose by 17.8% to 861.3 billion won, while net profit surged by 68.9% to 70.6 billion won.
For the first half of the year, cumulative sales totaled 1.5893 trillion won, marking a 14.8% increase from the previous year. Operating profit for the period was 189.2 billion won, up 41.8%, and net profit reached 130.6 billion won, a 100.9% increase.
A Kolmar representative stated, "The expansion of indie brands into global markets and the peak season for sun care products have led to increased orders, particularly for skincare and sun care items. The continued launch of new products by global clients has also contributed to our record quarterly performance."
* This article has been translated by AI.
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