CJ Olive Young Reports Q2 Sales of 1.7977 Trillion Won, Up 23% Year-on-Year
Net Profit Decreased by 6.1%
CJ Olive Young announced on August 14 that its sales in the second quarter of this year reached 1.7977 trillion won, marking a 23% increase compared to the same period last year. Net profit for the same period was reported at 135.2 billion won, a decrease of 6.1%.
Cumulative sales for the first half of the year reached 3.3349 trillion won, up 23.7% year-on-year, surpassing the 3 trillion won mark in the first half for the first time. Cumulative net profit for the first half was 265.2 billion won, representing a 1.9% decrease.
Hot Picks Today
"Only 3 Passengers on a 180-Seat Flight"... The Shocking State of the 'Honeymoon Hotspot'
- "Work That Took a Month Now Done in Just 8 Hours"…Samsung and LG Turn to AI to Counter China's Pursuit
- "Returning Excess Fees Collected Under Previous Administration"...$680 Per Person Refund for 950,000 Americans
- "Such chaos for the first time in 140 years"... Even illnesses surge, Tokyo stunned by 'unbelievable' event
- "Nothing Left to Buy, Feeling Indifferent"... 'Rich Daughter' Vibe in Department Stores with 'Hyunbaek Core'
An Olive Young representative stated, "With the revitalization of K-tourism, we have launched globally specialized stores and advanced our online content, leading to balanced growth across both online and offline channels. In the second half of the year, we will strengthen our business in North America and further fulfill our role as a specialized retailer to ensure that K-beauty takes root globally more rapidly and securely."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
