Cosmax Records Record High Sales of 1.5915 Trillion KRW Last Year... All-Time High
[Asia Economy Reporter Seongpil Cho] Cosmax, an original design manufacturer (ODM) of cosmetics, announced on the 7th that its consolidated sales last year increased by 15% compared to the previous year to 1,591.5 billion KRW, marking an all-time high. Operating profit rose 84% to 122.6 billion KRW.
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Cosmax explained, "The Korean branch demonstrated product competitiveness by launching numerous mega-hit products such as Multi Balm despite the COVID-19 pandemic and challenging business environment, and exports, which account for about 20% of sales, also showed growth." It added, "The China business led performance mainly driven by the high growth of the Shanghai branch."
This content was produced with the assistance of AI translation services.
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