The Lamy's stock price is strong in the early morning of the 10th. This surge in buying sentiment is interpreted as a result of news that its cosmetics institutional sector, acquired in 2023, has turned profitable.
As of 9:19 a.m. on this day, The Lamy was trading at 1,346 won, up 127 won (10.42%) from the previous trading day.
The Lamy, a scrap metal and cosmetics corporation, announced after the market closed on the 7th that it recorded an operating profit of 1.6 billion won. Net profit also turned positive at 2.5 billion won, and revenue increased by 36.9% year-on-year to 69.8 billion won.
Following the news of positive earnings, The Lamy surged 9.93% in after-hours transactions. A company official noted that the increase in revenue and profit was due to the merger of the cosmetics institutional sector in October 2023.
Meanwhile, The Lamy's trading was suspended on March 21, 2022, due to the occurrence of reasons for delisting following a refusal of audit opinions. Trading resumed after the Korea Exchange decided to maintain The Lamy's listing on October 22 last year.