TONYMOLY, Separate Operating Profit Turns Positive in Q3 for the First Time in 11 Quarters

[Asia Economy Reporter Moon Hyewon] Tony Moly announced on the 15th that it recorded an operating profit of approximately 600 million KRW based on separate financial statements in the third quarter of this year, turning to a profit.

During the same period, separate sales amounted to 22 billion KRW, and net profit was 4.3 billion KRW.

Tony Moly analyzed that the cost ratio improved as price increases reflecting the rise in raw material costs were implemented along with continuous cost reduction efforts, and that the recently launched main new product line ‘Red Retinol’ received a positive response from consumers.

Additionally, Tony Moly realized a gain of about 4 billion KRW from the sale of its stake in AtoGen, turning net profit to positive. Tony Moly expects this will also help improve consolidated operating profit and loss from a mid- to long-term perspective.

A Tony Moly official stated, “A portion of the gain from this sale will be used for new product development and domestic and international marketing activities,” adding, “We plan to boldly eliminate inefficient parts of the business division and reinvest in specialized areas to lay the foundation for long-term growth.”

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