Huons Group's cosmetic material specialist company HuM&C achieved its highest quarterly sales with 11.9 billion KRW in the first quarter of this year, successfully turning a profit.
HuM&C announced on the 15th that its individual financial statements for the first quarter of this year showed sales of 11.92187 billion KRW, operating profit of 830.01 million KRW, and net profit of 2.66605 billion KRW. Sales increased by 284% compared to the same period last year, and operating profit turned positive.
The company explained that the continuous growth of medical glass containers played a driving role behind these results. The glass division recorded 9 billion KRW, a 37% increase compared to the first quarter of last year before the merger with Hubena, driven by sales growth of medical glass containers such as ampoules and vials. They also mentioned growth due to the expansion of the cosmeceutical market, including medical use, botulinum toxin, and fillers. Sales in the cosmetic division reached 2.9 billion KRW, a 5% decrease compared to the previous year. The performance of Blossom Story and Blossom Pictures, which were sold in February, was excluded.
Kim Jun-cheol, CEO of HuM&C, said, “We expect growth in the cosmetic division due to the transition to the COVID-19 endemic (periodic reoccurrence of infectious diseases). We will do our best to continuously benefit from the reopening and growth trends by recruiting talented personnel to strengthen our technology and sales capabilities.”
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