Moalifeplus Achieves First Quarterly Profit Since Listing

Moa Life Plus announced on the 14th that it recorded consolidated sales of 3.95 billion KRW, operating profit of 300 million KRW, and net profit of 930 million KRW for the second quarter of this year.

This is the first time since its listing in 2016 that Moa Life Plus has achieved positive operating and net profits in a quarter.

After being acquired by Moa Data at the end of March this year, Moa Life Plus achieved these results through intensive restructuring of loss-making business units and focusing on profitability-driven business operations.

A representative of Moa Life Plus stated, “Although it is on a quarterly basis, it is very encouraging that we have turned operating and net profits positive through restructuring the business structure to focus on profitability after the change of the largest shareholder. Our strengths in health functional foods and cosmetic raw materials and products using PGA (poly-gamma-glutamic acid) are increasing overseas sales, and through new business developments that can secure additional cash cows, we expect to achieve operating profit profitability by the end of this year.”

Meanwhile, Moa Life Plus is expected to expand its presence in the Southeast Asian market, having recently signed contracts with a European global luxury cosmetics company and a Malaysian company, BE International, for the supply of skincare products.