Aekyung Industrial Reports 20.5% YoY Increase in Q3 Operating Profit (Update)

Sales of 173.9 Billion KRW... 7.6% Increase YoY
Growth Driven by Overseas Expansion and Portfolio Diversification

Aekyung Industrial announced on the 6th that its operating profit for the third quarter of this year reached 18.4 billion KRW, an increase of 20.5% compared to the same period last year.

Sales during the same period increased by 7.6% to 173.9 billion KRW.

The cumulative sales for this year amounted to 493.1 billion KRW, and operating profit reached 50.3 billion KRW, marking increases of 11.2% and 84.7%, respectively.

The cosmetics business recorded third-quarter sales of 60.2 billion KRW, up 9.2%, while operating profit decreased slightly by 5.1% to 8.3 billion KRW. Sales growth was driven by expansion in the global market and strengthened brand competitiveness, but operating profit declined slightly due to increased marketing expenses.

The household goods business posted third-quarter sales of 113.7 billion KRW, up 6.8%, and operating profit of 10.1 billion KRW, a 54.9% increase. The household goods segment improved its brand portfolio focusing on premium products and established a structural growth foundation through channel diversification centered on digital and global markets, achieving the highest quarterly operating profit consecutively for the first, second, and third quarters.

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