Amorepacific Corporation's consolidated operating profit for the last year was approximately 220.5 billion won, reflecting a 103.8% increase compared to the previous year.
According to the Financial Supervisory Service's electronic disclosure system on the 6th, sales during the same period were 3.8851 trillion won. This figure represents a 5.7% increase compared to the previous year. Net profit was 60.16 billion won, marking a 264% increase from the previous year.
In the fourth quarter of last year, the consolidated operating profit was 78.5 billion won, representing a 279.6% increase compared to the same period the previous year. Sales for the same period rose by 17.9% to 1.0917 trillion won. The net loss was 46.2 billion won, resulting in a switch to deficit.
Meanwhile, Amorepacific Corporation's holding company, AMOREPACIFIC Group, announced its plan for stock buybacks on that day. The buyback target consists of 3.13% of issued shares, amounting to 3 million common shares. Based on the previous day's closing price, this is valued at approximately 68.85 billion won. The scheduled buyback date is set for the 13th. This stock buyback is part of the corporate value enhancement plan announced last year, with AMOREPACIFIC Group aimed at maximizing shareholder value.
Additionally, AMOREPACIFIC Group announced in the board meeting that it decided to approve an amendment to change its corporate name to 'Amorepacific Holdings' at the regular shareholders' meeting scheduled for the 25th of next month. An AMOREPACIFIC official noted, "The intention behind changing the name is to clarify the role of the holding company."