Hyoungji Elite Reports 55.8 Billion KRW in Q3 Sales for 22nd Term, Up 36% YoY

Operating Profit 910 Million KRW · Net Profit 93 Million KRW
June Fiscal Year-End Corporation

Hyoungji Elite announced on the 16th that its individual sales for the 22nd fiscal year Q3 (July 2022 to March 2023) reached 55.8 billion KRW, a 36% increase compared to the same period last year. Operating profit was 910 million KRW, and net profit for the period was 93 million KRW. Hyoungji Elite’s fiscal year ends in June.

The company explained that the Q3 sales growth was due to steady growth across major business areas, including school uniforms, corporate uniforms, and sports commercialization. A representative from Hyoungji Elite stated, "As a result of focusing on developing highly competitive products that reflect consumer trends and customer needs, we were able to achieve strong performance across all major business sectors. Moving forward, we plan to diversify our portfolio to become a multi-fashion company that covers all age groups."

Meanwhile, Hyoungji Elite’s consolidated sales for the 22nd fiscal year Q3 were 57.2 billion KRW, and operating profit was 1.8 billion KRW, both of which decreased compared to the previous year. The company explained that after selling 51% of Hyoungji Esquaia’s shares to Fashion Group Hyoungji in June last year, Hyoungji Esquaia was classified as an affiliate and excluded from the performance results. Additionally, profits decreased compared to the same period last year due to new business development and investments.

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