VirtualTech "2020 Sales 16.4 Billion KRW... Expecting Growth This Year with Snow Peak Apparel"

[Asia Economy Reporter Yoo Hyun-seok] Virtualtech announced on the 17th that it recorded sales of 16.4 billion KRW last year. On a separate basis, sales showed a growth rate of 147.1% compared to 2019. Operating profit increased by 1693%, significantly expanding the profit margin. Net profit added approximately 5.7 billion KRW compared to 2019, achieving a net income of 1.2 billion KRW at the end of 2020.

This year, Virtualtech aims for significant sales growth and profit improvement through Snow Peak Apparel. Celebrating the 2nd anniversary of its launch, Snow Peak Apparel released the 21SS season pictorial featuring actor Ryu Seung-beom. With marketing strategies across various channels and steadily expanding distribution networks including department stores, shopping malls, and major commercial districts, the company expects to achieve sales growth.

A company official stated, "Virtualtech, which established a stable profit structure on a separate basis in 2020, expects explosive sales growth and profit improvement through Snow Peak Apparel in 2021," adding, "We will build a solid financial structure through diverse activities and expansion of distribution networks."

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