[Announcement+] Jincostech Reports Operating Profit of 2 Billion KRW in H1, Up 47.38% YoY

[Asia Economy Reporter Jang Hyowon] Jincostech (CEO Kim Imjun), a mask pack OEM/ODM manufacturer, showed growth in its second-quarter performance following the first quarter.

Jincostech announced on the 14th that it achieved sales of 13.8 billion KRW and operating profit of 2 billion KRW in the first half of this year. This represents an increase of 27.04% and 47.38%, respectively, compared to the same period last year. Net profit for the same period also rose by 41.82% to 1.5 billion KRW, compared to 1.1 billion KRW in the previous year.

Quarterly performance also improved. Sales and operating profit in the second quarter were 7 billion KRW and 1.2 billion KRW, respectively, marking increases of 8.83% and 28.87% compared to the same period last year. Net profit also showed stable growth, recording 800 million KRW, up 22.98% year-on-year.

A Jincostech representative explained, “Despite the difficult domestic and international economic conditions due to the COVID-19 pandemic, growth was achieved compared to the same period last year as new export volumes of hydrogel mask packs increased. The increase in new sales, while existing sales did not decline, drove the performance.”

Meanwhile, Jincostech, which was listed on the KONEX market in November last year, is a cosmetics manufacturing and sales company specializing in mask pack ODM/OEM production and possesses the best mask pack technology in Korea. It also has a CGMP-certified factory, establishing an optimal infrastructure for cosmetics production.

This content was produced with the assistance of AI translation services.