Beauty tech corporation APR's stock is strong at the beginning of trading on the 5th. The announcement of the company's stock buyback and cancellation seems to have stimulated investor sentiment.
APR's stock was trading at 47,400 won in the KOSPI market at 9:36 a.m. on that day. The stock price rose by 5.1% (2,300 won) compared to the previous day. During trading, the stock price even jumped to 48,300 won.
APR announced that after the market closed the previous day, it would acquire 30 billion won worth of its own stock and then cancel all of it to enhance shareholder value.
APR's fourth-quarter performance for last year (October to December) is expected to be announced on the 10th. According to the financial information company FnGuide, securities firms estimate that APR recorded consolidated revenue of 210.3 billion won and operating profit of 39.5 billion won for the fourth quarter of last year. This represents an increase of 38.3% and 15.1%, respectively, compared to the same period in 2023.