[E-Daily Reporter Kwon Oh Seok ] KOSDAQ-listed company #ORGANIC TEA COSMETICS HOLDINGS COMPANY LIMITED announced on the 1st that it successfully turned around its financial performance in the first half of this year, driven by the expansion of new businesses, growth in overseas markets, and cost efficiency. (Photo: ORGANIC TEA COSMETICS HOLDINGS COMPANY LIMITED) ORGANIC TEA COSMETICS HOLDINGS COMPANY LIMITED’s revenue for the first half of this year reached 560 million yuan (approximately 121.9 billion won), a 44.0% increase compared to the same period last year (390 million yuan). Both operating profit and net income returned to the black, resulting in a significant improvement in profitability metrics. The upward trend in earnings was even more pronounced in the second quarter. Second-quarter revenue reached 360 million yuan (approximately 80.5 billion won), a 55.8% increase compared to the same period last year. During the same period, the company achieved an operating profit of 65.44 million yuan (approximately 14.4 billion won) and a net profit of 64.75 million yuan (approximately 14.3 billion won), demonstrating that it has entered a phase of substantial profit growth. The key drivers of this earnings rebound are cited as the rapid growth of the footwear business and the full-scale expansion into the Indonesian market. In the first half of the year, footwear business revenue rose 79.6% year-over-year to 280 million yuan (approximately 59.6 billion won), accounting for 49% of total first-half revenue and establishing itself as the company’s flagship business. Progress in diversifying overseas markets is also becoming evident. Through its Indonesian subsidiary (PT TEA BABY INDONESIA), ORGANIC TEA COSMETICS HOLDINGS COMPANY LIMITED generated 190 million yuan (approximately 40.5 billion won) in revenue in Indonesia alone during the first half of the year. This figure represents 33% of total consolidated revenue, and the company is credited with successfully diversifying its overseas business portfolio by moving away from its previous revenue structure centered on the Chinese market. Successes in new business segments also continued. Revenue from the tea leaf sales business reached 86.66 million yuan (approximately 18.7 billion won) in the first half of the year, while the intellectual property (IP) licensing business based on the flagship brand “Cha-wa” generated 9.04 million yuan (approximately 2 billion won) in revenue. The company is expanding its business scope to include infant and toddler cosmetics featuring “tea” as a core ingredient, as well as tea-based healthcare products and brand licensing. Moving forward, the company plans to build a robust brand ecosystem by expanding into children’s theme parks and experiential/educational play facilities utilizing the “Cha-wa” brand. An official from ORGANIC TEA COSMETICS HOLDINGS COMPANY LIMITED stated, “As our overseas footwear business, centered on Indonesia, has entered a phase of full-scale growth, we expect the trend of stable earnings growth to continue in the future,” adding, “The performance of new business segments, such as tea leaf sales and brand licensing, will also contribute to the company’s sustainable growth.”
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