VT Cosmetic (hereinafter VT) announced on the 14th through a public disclosure that its cumulative operating profit on a consolidated basis for the third quarter reached 81.8 billion KRW, marking a 206% increase compared to the same period last year.
Consolidated sales for the third quarter achieved 104.1 billion KRW, up 24% year-on-year, and operating profit was 30.8 billion KRW, a 114% increase compared to the same period last year.
On a separate basis for the third quarter, sales also rose 80% year-on-year to 87.7 billion KRW, and operating profit recorded 25.5 billion KRW, up 128% compared to the same period last year. VT is receiving recognition for solidifying its position as a cosmetic company by diversifying channels for its bestseller Riddle Shot product line, achieving sales growth while increasing the proportion of cosmetic sales to 84%.
VT is continuing to expand its product lineup by newly launching the ‘PDRN Riddle Shot Hair Ampoule Line’ as a new follow-up line. The PDRN Hair Ampoule Line applies the principle of boosting facial skin to the scalp, containing the same principle as the existing ‘Riddle Shot,’ and combines VT’s proprietary micro-sized Cica Riddle™ ingredient, which is 14 times thinner than pores, with the benefits of ‘PDRN’ extracted from wild ginseng, delivering a healthy radiance. It was first launched on the 4th in collaboration with CJ OnStyle, and the first batch of prepared stock sold out, receiving positive responses in the market.
A VT representative stated, “With the new slogan ‘Pursuing principles applicable to everyone,’ we will continue our efforts to become a comprehensive beauty company.”
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