The stock price of comprehensive beauty company VT is strong in early trading on the 27th. The robust buying seems to be due to the fact that last year's fourth quarter results recorded the highest ever performance in the institutional sector of cosmetics.
As of 9:42 a.m. on the 27th, VT's stock was trading at 36,250 won, up 1,750 won (5.07%) from the previous trading day.
Previously, VT announced that it recorded consolidated sales of 112.4 billion won and an operating profit of 29.1 billion won for the fourth quarter of last year. Sales increased by 27% compared to the same period last year, and operating profit rose by 54%, with an operating profit margin of 26%. The sales were 3.2% higher than market expectations, while operating profit was 4.3% lower. Compared to the fourth quarter of 2023, both sales and operating profit increased.
Park Eun-jeong, a Research Institute of Hana Securities, noted, "The institutional sector of cosmetics recorded the highest-ever performance," adding, "In particular, overseas sales achieved record quarterly results, driving external growth." Hana Securities projected VT's performance for this year to be 500 billion won in sales and 140 billion won in operating profit.
Research Institute Park stated, "This year, global expansion in China and North America is expected to accelerate," and added, "The first quarter should be seen as a warm-up phase, and from the second quarter onward, regional expansion and focused marketing investments centered on the Americas are expected to commence."