SEOUL – In its latest financial update, Amorepacific Group disclosed a substantial 348.7 percent surge in its fourth-quarter net profit, amounting to 47.9 billion won (US$36 million).
According to Yonhap News Agency, the fourth quarter saw a notable increase in net profit compared to the same period a year earlier, despite a 62 percent decrease in operating income, which was recorded at 29.9 billion won. The revenue for the October-December period also saw a decline, falling 14 percent to 1.01 trillion won.