Aekyung Industrial Reports Operating Profit of 39.1 Billion KRW Last Year, Up 60.4% YoY (Update)

Aekyung Industrial announced on the 3rd that its sales last year reached 610.4 billion KRW. This represents a 6.4% increase compared to the previous year.

During the same period, operating profit was recorded at 39.1 billion KRW, a 60.4% increase from the previous year.

The annual sales revenue of the cosmetics business decreased by 0.9% year-on-year to 219.7 billion KRW, and operating profit decreased by 2% to 28.5 billion KRW. The annual sales revenue of the household goods business increased by 10.9% year-on-year to 390.7 billion KRW, and operating profit turned positive to 10.6 billion KRW.

Aekyung Industrial's sales revenue in the fourth quarter of last year increased by 11.4% year-on-year to 167.1 billion KRW, and operating profit increased by 151.9% to 11.8 billion KRW.

Aekyung Industrial explained, "Despite the difficult business environment last year, including the deterioration of domestic and international management conditions and the slowdown of the Chinese consumer market, we achieved improvements in sales and profits through strengthening domestic and international digital channels, expanding global areas, and diversifying our brand portfolio."