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2 clusters · 5 sources · 2 days · First seen · Last updated

Kolmar Korea Q2 financial performance

Overview

Kolmar Korea reported record-breaking second-quarter financial results, with operating profit reaching 110.3 billion won, representing a 50.2% increase compared to the same period last year. This performance exceeded market expectations by approximately 17.3%. Revenue for the quarter rose 17.9% to 861.3 billion won, while net profit surged 68.9% to 70.6 billion won.

The company attributed this growth to increased demand for skincare and sun care products, as well as the global expansion of indie cosmetic brands. Kolmar Korea serves as a manufacturer for several brands that have seen success on platforms such as Amazon and Olive Young. Additionally, the company has expanded its innovation into scalp-specific sun protection to address concerns regarding hair loss and scalp inflammation.

Entities

Cosmecca Korea · Kolmar Korea · Naver · Cosmax · Kurly

Timeline

  1. 15 days ago

    [BUSINESS] 4 sources
    Kolmar Korea reports record Q2 operating profit of 110.3 billion won

    Kolmar Korea achieved record Q2 results with operating profit rising 50.2% to 110.3 billion won, driven by surging global demand for K-beauty sun care and skincare products.

  2. 16 days ago

    [BUSINESS] 3 sources
    Kurly reports record Q2 operating profit of 27.4 billion won

    Kurly reported record Q2 operating profit of 27.4 billion won, a 1,991% year-on-year surge, while working to improve fresh food packaging quality during extreme heatwaves.

Sources

biz.heraldcorp.com · platum.kr · sateconomy.co.kr · socialvalue.kr · stv.seoul.co.kr