Coloray, a Chinese company specializing in cosmetics and industrial pearl luster pigments, announced on the 25th that its cumulative sales for the first half of the year on a consolidated basis were tentatively estimated at 15.9 billion KRW.
According to the disclosed figures, the cumulative performance for the first half of the year showed sales of 15.9 billion KRW, operating profit of 6.9 billion KRW, and net profit of 5.8 billion KRW, all of which increased compared to the same period last year. In particular, operating profit increased by approximately 80% compared to the same period last year.
A company representative stated, “Cosmetics exhibitions, which were temporarily suspended during the COVID-19 period, are being held again, and our company is actively participating in various exhibitions worldwide and conducting aggressive promotional activities. Through this, we have discovered new customers, leading to increased sales, and especially demand has concentrated on high-margin, high-quality new products, which significantly improved operating profit.”
He added, “With the transition to the With-Corona era, we expect continuous improvement in operating profit and net profit from pearl pigments for cosmetics due to the recovery of the cosmetics market and increased demand. Additionally, since many customers are still in the sample testing stage, we expect to drive sales growth through ongoing engagement.”
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