CTK, 88.9 Billion KRW in Sales Last Year... 28% Increase Compared to Previous Year

Operating Profit of 2.7 Billion Won... Turned to Black
Cash Dividend Differentiation with Shareholder-Friendly Policy

Beauty platform company CTK announced on the 21st that it recorded sales of 88.9 billion KRW and an operating profit of 2.7 billion KRW on a consolidated basis last year. Sales increased by 28.2% compared to the previous year, and operating profit turned positive. Net income for the period also turned positive, recording 5.5 billion KRW.

CTK focuses on the ‘CTK Clip’ platform business, which provides beauty turnkey solutions to overseas clients. Last year, sales increased as cosmetic consumption grew in the North American market and demand from small and medium-sized cosmetic brands rose. In addition to increased reorder volume from existing clients, many new clients were secured.

Reducing the deficit of major affiliates led to the turnaround in operating profit. A company representative explained, "‘Completion Korea,’ which operates branding consulting business, achieved efficiency through restructuring starting in the second half of last year," adding, "They focused on beauty consulting services and increased sales."

The U.S. fulfillment division, whose main business is third-party logistics, also reduced its deficit as the WMS (Warehouse Management System) and OMS (Order Management System) stabilized. CTK Bio, based in Canada and developing eco-friendly materials as alternatives to plastic, received research and development grants from the Canadian government in recognition of its technological capabilities, contributing to performance. The company is currently negotiating various supply contracts with overseas companies and expects to generate substantial sales, according to a company representative.

CTK is conducting strategic investments and collaborations to provide more advanced services to ‘CTK Clip’ users. Through the development of functional products such as UV protection, the company is accelerating sales expansion.

CTK will implement a differentiated dividend policy to enhance shareholder friendliness. Ordinary shareholders will receive a cash dividend of 100 KRW per common share, while major shareholders will receive 50 KRW per common share. The total dividend amount is approximately 1.5 billion KRW, with the dividend record date set as December 31 of last year.