Aekyung Industrial reported on the 23rd that its consolidated annual revenue for the previous year increased by 1.5% to 679.1 billion won, while its operating profit fell by 23.5% to 47.4 billion won.
Annual revenue from the cosmetics business was 261.5 billion won, reflecting a 4.1% increase from the previous year, while operating profit decreased by 20% to 29.1 billion won. The annual revenue from the household goods business was unchanged from the previous year's level at 417.6 billion won, and operating profit recorded a decline of 28.5% to 18.3 billion won.
In the fourth quarter of last year, revenue reached 171.1 billion won and operating profit was 3.9 billion won. This represented decreases of 2.7% and 66.5%, respectively, compared to the same period the previous year.
The company explained that the decline in operating profit was due to the impact of investments aimed at expanding domestic and global business capabilities.
In Japan, Luna operated pop-up stores in major cities such as Tokyo and Osaka to strengthen connections with local women in their 20s and 30s. In the multicultural United States, to increase brand penetration, AGE20'S expanded its essence pact offerings from 6 shades to 11 shades.
Aekyung Industrial plans to continue domestic and international investments to create growth engines this year. The company will focus particularly on launching globally exclusive products in cosmetics and household goods that consider the preferences of global consumers and market conditions while enhancing its competitiveness in the global market.