Aekyung Industrial Reports Q3 Operating Profit of 15.2 Billion KRW, Up 146% YoY (Update)
[Asia Economy Reporter Moon Hyewon] Aekyung Industrial announced on the 3rd that its operating profit for the third quarter of this year increased by 146.1% compared to the same period last year to 15.2 billion KRW, and sales rose by 11% to 161.7 billion KRW.
Aekyung Industrial's cosmetics business segment recorded sales of 55.1 billion KRW, up 9.4%, and operating profit of 8.7 billion KRW, up 62%, in the third quarter.
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During this period, sales of household goods increased by 11.8% to 106.5 billion KRW, and operating profit surged by 715.3% to 6.5 billion KRW. Aekyung Industrial explained that the improved performance was due to the launch of new products such as premium shampoos and the development of new distribution channels in China.
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