South Korea’s top cosmetics maker AmorePacific Group said its sales in 2015 jumped 20.1 percent on-year to 5.66 trillion won (US$4.68 billion) and its operating profit stood at 913.6 billion won (US$755.67 million), up 38.6 percent.
Thanks to its cosmetics subsidiaries’ growth in markets at home and abroad, the group’s sales and operating profits showed strong growth.
As duty-free sales amounted to 1 trillion won (US$827.13 million) due to the increase in foreign travelers, it helped push up domestic sales. Based on strong growth of its major high-end brands, such as Sulhwasoo, Hera and Primera, the share in the department store channel also increased.
For overseas cosmetics business, the group saw high sales growth in the markets in Asia and North America, leading strong growth.
In Asian markets, AmorePacific increased its sales by 51.5 percent