Monami Posts 4 Billion Won Operating Loss in H1...Deficit Widens
Losses from New Businesses Such as Cosmetics Hold Back Performance
Monami saw its deficit widen in the first half of this year, despite improving profitability in its core stationery business.
Monami announced on the 14th that its consolidated operating loss for the first half reached 3.972 billion won, a 68.8% increase compared to the same period last year.
During the same period, sales decreased by 5.6% to 61.655 billion won. Net loss for the period increased by 5.9% to 5.309 billion won.
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The company experienced mixed results across its business segments. The core stationery business segment swung to an operating profit of 685 million won. On the other hand, the other business segment—which includes special orders, e-commerce, and the new cosmetics business—reported an operating loss of 3.952 billion won, representing a 58.3% increase compared to the same period last year.
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