Kolmar Holdings announced on August 10 that its consolidated operating profit for the second quarter reached 253 billion won, a 54.7% increase compared to the same period last year.
Revenue for the quarter was 1.423 trillion won, a decrease of 19.0%, while net profit fell by 10.1% to 353 billion won.
For the first half of the year, cumulative operating profit stood at 457 billion won, marking a 134.4% increase from the previous year. Revenue for the first half was 2.943 trillion won, down 10.3%, while net profit rose by 86.1% to 751 billion won.
In May, Kolmar Holdings reported a consolidated operating profit of 20.4 billion won for the first quarter, a staggering 549.95% increase year-on-year, with revenue slightly declining by 0.32% to 1.519 trillion won.
A company representative stated, "The increase in profit was due to improved performance and profitability of major subsidiaries, as well as expanded equity method gains. However, revenue decreased due to restructuring efforts aimed at enhancing operational efficiency within the group, including the transfer of the Kolmar Skin and H&J cosmetics divisions."
* This article has been translated by AI.
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