Amorepacific Reports 34.5% Increase in 2023 Net Profit

SEOUL – Amorepacific Corp. announced a significant rise in its net income for the year 2023. The cosmetics giant reported a net income of 173.9 billion won (US$130.8 million), marking a 34.5 percent increase from the previous year.

According to Yonhap News Agency, the company's operating profit for 2023 was 108.2 billion won, a decrease from the 214.2 billion won reported the previous year. Despite the rise in net income, the company's annual sales saw a decline of 11.1 percent, totaling 3.67 trillion won.

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