KOAS Sees First-Quarter Profit Surge 3,854% Year-on-Year

KOAS, a company specializing in office furniture, announced on the 13th that it recorded sales of 21.3 billion won and operating profit of 1.8 billion won in the first quarter of this year.

Sales increased by 4.9% compared to the same period last year (20.3 billion won).

The operating profit growth rate reached 3,854% (a 38-fold increase).

A KOAS representative stated, "This performance is the result of continued production efficiency and profit-focused operations since last year," emphasizing, "It is significant in that it overcame the stagnation in the furniture procurement market and, in particular, achieved a substantial improvement in profits."

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