SEOUL — Cosmax Inc. announced a 28.9 percent increase in its net profit for the second quarter, totaling 35.3 billion won ($25.8 million). The company's financial performance aligns with market predictions and indicates steady growth in its operations.
According to Yonhap News Agency, the company's operating income for the April-June period grew by 1.4 percent year-over-year to 46.7 billion won. Sales also rose significantly, with a 15.1 percent increase to 551.5 billion won. These figures met the forecasts set by analysts, with an average net profit estimate of 35.3 billion won, as reported by Yonhap Infomax, a financial data firm affiliated with Yonhap News Agency.