F&F Reports Q2 Operating Profit of 84 Billion KRW, Down 8.5% Year-on-Year
Sales Reach 378.9 Billion KRW
Down 3.2% Year-on-Year
F&F announced on the 31st that its consolidated operating profit for the second quarter of this year was provisionally tallied at 84 billion KRW, marking an 8.5% decrease compared to the same period last year.
During the same period, sales amounted to 378.9 billion KRW, down 3.2% year-on-year. Net profit for the period was 62.6 billion KRW, a decrease of 15.3%.
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An F&F representative stated, "While we have seen solid sales growth in the Chinese market, overall sales for the second quarter slightly declined compared to last year due to the prolonged domestic economic downturn and abnormal climate conditions. In the second half of the year, we expect to see a recovery in the domestic market and improved performance, driven by consumption-boosting policies such as public support funds."
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