Samchuly Bicycle posts 7.4 billion won profit, up 76%, driven by sports cycling

SAMCHULY BICYCLE reported sales of 96.3 billion won and an operating profit of 7.4 billion won for the first half of the year, according to a disclosure on the 14th. Sales increased by 5.4% compared to the previous year, while operating profit surged by 76.2%.

The performance growth was driven by the sports cycling brand and others. SAMCHULY BICYCLE plans to continue its growth trend by unveiling new products in the second half of the year.