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

GateNews
Stocks

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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