Samsung C&T Fashion Q1 Operating Profit 57.3 Billion KRW... Up 36% YoY
Samsung C&T Fashion Division's performance improved in the first quarter of this year.
![Samsung C&T Fashion Division's Beanpole opened a pop-up store on the 8th at Shinsegae Department Store Gangnam Branch in Seocho-gu, Seoul. <br>[Photo by Samsung C&T]](http://www.asiae.co.kr/news/img_view.htm?img=2023051609415732178_1684197717.jpg)
Samsung C&T Fashion Division's Beanpole opened a pop-up store on the 8th at Shinsegae Department Store Gangnam Branch in Seocho-gu, Seoul.
[Photo by Samsung C&T]
According to the Financial Supervisory Service's electronic disclosure system on the 16th, Samsung C&T Fashion Division's operating profit for the first quarter of this year was 57.3 billion KRW, a 35.7% increase compared to 42.0 billion KRW in the same period last year.
Sales in the first quarter of this year were 526 billion KRW, up 11.0% from 474 billion KRW in the same period last year.
By brand, overall performance improved for Eight Seconds, Beanpole, and BEAKER.
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A Samsung C&T official explained, "Due to continuous product competitiveness improvement and sales structure optimization, we achieved solid performance across all business sectors, resulting in increases in both sales and operating profit."
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