Amorepacific Expected to Report 34.35% YoY Operating Profit Growth in Q2 on Strong North American and European Sales

According to 11 brokers tracked by Yonhapinfomax on July 24, Amorepacific is expected to report second-quarter operating profit of 99 billion Korean won, up 34.35% year-over-year, with revenue projected at 1.0896 trillion won, up 8.42% YoY.

Growth was driven by North American and European regions, with North America projected to grow 28% and the Europe, Middle East and Africa (EMEA) region up 38%. Subsidiary KOSALX contributed significantly with estimated 29% revenue growth and 25% operating margin for Q2. The company will announce actual Q2 results on July 30.

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