Seoul: Amorepacific Holdings, the holding firm of South Korea's top cosmetics maker Amorepacific Corp., reported its fourth-quarter net profit of 18.1 billion won (US$12.3 million), swinging from a loss of 33.8 billion won a year earlier.
According to Yonhap News Agency, the company's operating profit for the October-December period was 54.8 billion won, which marked a 30.7 percent decrease from the previous year. Despite this decline in operating profit, Amorepacific Holdings experienced a sales increase of 6.4 percent, reaching 1.25 trillion won. The financial results reflect the company's ability to return to profitability in the fourth quarter after the losses incurred in the same period last year.