[Edaily Reporter PARK MIN ] KOLMAR KOREA(161890)is surging by more than 20% in early trading on the 12th after announcing record-breaking quarterly earnings for the second quarter of this year.
According to MP Doctor, as of 9:56 a.m. today, KOLMAR KOREA is trading at 132,000 won, up 22.34% from the previous close. This is attributed to buying pressure driven by the company’s second-quarter “earnings surprise.”
Today, KOLMAR KOREA announced that its consolidated operating profit for the second quarter rose 50.17% year-over-year to 110,341 million won, while revenue increased 17.85% to 861,277 million won. Both revenue and operating profit represent all-time highs on a quarterly basis.
The expansion of global sales channels for indie brands, driven by the K-Beauty boom, is cited as the reason behind KOLMAR KOREA’s strong performance. A KOLMAR KOREA official stated, “Orders increased, particularly for skincare and suncare products, due to the expansion of indie brands’ global presence and the peak season effect for suncare products,” adding, “With the continued launch of new products by our global clients, we recorded our highest-ever quarterly results.”
KBI METAL CO., LTD.’s Eumseong Plant Office Building. (Photo courtesy of KBI Group)
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