Amorepacific Corp. Q3 Net Income Rises 22.2% Despite Revenue Dip

SEOUL — Amorepacific Corp. disclosed a net profit of 26.6 billion won (US$19.7 million) for the third quarter of this year, marking a 22.2% increase compared to the same period last year.

According to Yonhap News Agency, the company also revealed that its operating income for the July-September period declined by 8.2% year-on-year to 17.3 billion won, while revenue shrank by 5.1% to 888.8 billion won.

The company's operating profit underperformed, falling 53.2% lower than the average estimate, as per a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency. The company did not provide an estimate for net profit.

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