[Special Stock] 'Operating Profit Decline' Amorepacific, Stock Price -13.26%

The stock price of Amorepacific, which recently recorded sluggish business performance, is weak on the 31st. As of 3:03 PM on that day, Amorepacific's stock price was trading at 117,700 KRW, down 18,000 KRW (-13.26%) compared to the previous trading day.

The reason for the stock price decline is due to the business results announced the day before. Amorepacific recorded consolidated sales of 926 billion KRW and operating profit of 20.7 billion KRW in the fourth quarter of last year. These figures represent a decrease of 15% and 64%, respectively, compared to the same period last year.

Performance was particularly poor in China. Jiyoon Jeong, a researcher at NH Investment & Securities, said, "The weakness in China and duty-free channels across luxury cosmetics has continuously contributed to increased volatility in performance. The environment is not expected to change significantly in the first half of the year," adding, "For a meaningful stock price rebound, it is necessary to increase credibility through a turnaround in the performance of the Chinese subsidiary."