CJ Olive Young Q3 Sales Reach 1.2342 Trillion KRW, Up 23% Year-on-Year

CJ Olive Young announced on the 14th that its sales for the third quarter of this year reached 1.2342 trillion KRW on a separate basis, an increase of 23.4% compared to the same period last year.

Net profit for the same period rose 21.6% to 115 billion KRW.

CJ Group discloses subsidiary sales in its quarterly reports but does not indicate operating profit.

CJ Olive Young's cumulative sales up to the third quarter of this year amounted to 3.5214 trillion KRW, a 25.9% increase from 2.7971 trillion KRW in the same period last year.

CJ Olive Young evaluated that "the expansion of town stores and specialized stores to enhance the K-beauty experience, the increase in foreign tourists, and the growth of the online mall contributed to the strong performance in the third quarter."