[Market Focus] Amorepacific Rises on Strong First-Quarter Earnings

Amorepacific is experiencing an upward trend thanks to strong first-quarter results this year.

As of 9:18 a.m. on April 30, Amorepacific was trading at 126,100 won on the Korea Exchange, up 3,000 won (2.44%) from the previous day.

On the same day, the holding company Amorepacific Group announced in a provisional disclosure that its consolidated operating profit for the first quarter of this year reached 128.9 billion won, a 55.2% increase compared to the same period last year. During the same period, sales rose by 15.7% to 1.1648 trillion won, and net profit increased by 43.2% to 140 billion won. The main affiliate, Amorepacific, recorded sales of 1.0675 trillion won and operating profit of 117.7 billion won, up 17% and 62%, respectively. These figures exceed market expectations, which had forecast sales of 1.233 trillion won and operating profit of 99.5 billion won.