[Edaily Reporter KYUNG GYEYOUNG ] #KOLON CORPORATION, the fashion division of KOLON INDUSTRIES, expanded its revenue despite the third quarter being a seasonal off-peak period. However, operating losses persisted due to investments in new brands and other factors.
KOLON CORPORATION announced on the 11th that its third-quarter revenue reached 234.8 billion won, a 3.2% increase from the third quarter of last year. During the same period, the operating loss stood at 13.6 billion won, continuing the deficit from the previous year.
Regarding the revenue growth, KOLON CORPORATION explained that sales in categories such as outdoor, golf, and Namsung menswear grew evenly. The company also added that, despite expanding investments in new brands, the magnitude of the operating loss was reduced through the efficient integration and operation of its production and sales organizations.
KOLON CORPORATION plans to continue pursuing stable domestic sales growth and efficient operations while focusing its efforts on expanding into new overseas markets.
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