Ace Bed Reports Operating Profit of 35.8 Billion KRW in H1, Up 52% YoY
Ace Bed's sales in the first half of this year increased by approximately 12.3% compared to the same period last year.
On the 9th, Ace Bed announced that its consolidated sales and operating profit for the second quarter were 78.3 billion KRW and 21.0 billion KRW, respectively. These figures represent increases of 7.2% and 28.7% compared to the same period last year. Net profit recorded 21.7 billion KRW, up 54.8%.
Sales for the first half totaled 162 billion KRW, up about 12.3% from 144.2 billion KRW in the first half of last year. Operating profit for the first half was 35.8 billion KRW, a 52.6% increase compared to the same period last year.
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An Ace Bed official stated, “Ace Bed plans to maintain its price freeze policy and continue to coexist with consumers enduring the high inflation era.”
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