Aekyung Industrial Reports 16.6 Billion KRW Operating Profit in 2Q, Up 295.4% YoY

Aekyung Industrial announced on the 10th that its consolidated operating profit for the second quarter of this year was tentatively estimated at 16.6 billion KRW.

[Photo by Aekyung Industrial]

This represents a 295.4% increase compared to the same period last year, marking the highest quarterly performance since the COVID-19 outbreak in 2020.

Sales increased by 14.3% to 162.1 billion KRW.

Aekyung Industrial explained that strong performance was driven by global business growth, brand diversification, and strengthening of digital channels.

By segment, cosmetics business sales rose 21.1% to 61.1 billion KRW, with operating profit increasing 134.8% to 9.7 billion KRW.

In the domestic market, Aekyung Industrial said it expanded its target customer base by establishing various distribution channels and launching products suitable for each channel.

The overseas business showed a recovery in sales due to growth in video-based platform channels in China and the impact of the endemic phase.

Sales in the household goods business increased 10.6% to 101 billion KRW, with operating profit soaring 9334.2% to 6.9 billion KRW.

Meanwhile, Aekyung Industrial's sales for the first half of the year reached 319.2 billion KRW, and operating profit was 32 billion KRW, up 13.3% and 166.0%, respectively, compared to the same period last year.

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