KOLMAR KOREA Surpasses 2 Trillion Won in Sales for the First Time... "Subsidiary Performance Improvement"
Operating Profit 136.6 Billion KRW... 86% Increase YoY
Net Profit Turns Positive
Korea Kolmar surpassed annual sales of 2 trillion won for the first time in 11 years since its establishment. It is analyzed that the performance significantly increased as the cosmetics sales network expanded to the global market.
According to the Financial Supervisory Service's electronic disclosure system on the 22nd, Korea Kolmar recorded annual sales of 2.1554 trillion won, an increase of 15.53% compared to the previous year. Operating profit reached 136.6 billion won, up 86.39% year-on-year. Net profit turned positive, recording 26 billion won.
The increase in sales is attributed to the reflected performance of its subsidiary Yeonwoo and a significant increase in client companies.
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Regarding operating profit, the significant improvement in the profitability of subsidiaries was key. Korea Kolmar stated, “Kolmar Wuxi, the Chinese subsidiary of Kolmar, turned profitable,” and “the operating profit of subsidiary HK Innoen also greatly improved.”
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