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AmorePacific Q3 net rises 9.1 percent

Nov. 8, 2012 - 19:56 By Korea Herald
AmorePacific Corp., South Korea’s leading cosmetics manufacturer, said Thursday its third-quarter earnings increased 9.1 percent from a year earlier on the back of increased sales.

Net profit reached 69.6 billion won ($64 million) in the July-September period, compared with a profit of 63.8 billion won a year earlier, the company said in a regulatory filing.

Sales rose 17.7 percent on-year to 733 billion won in the period and operating profit gained 18 percent to 90 billion won.

In the first three quarters of the year, AmorePacific logged a net profit of 243 billion won on sales of 2.2 trillion won.

Meanwhile, AmorePacific Group, the parent of the cosmetics company, said its third-quarter earnings rose 6.3 percent on-year to 85.6 billion won, thanks to strong performances by its subsidiaries.

The group’s sales rose 14 percent on-year to 861 billion won in the three months to September, with operating profit gaining 20 percent to 114 billion won. (Yonhap News)