Youngone said on the 14th that operating profit for the first quarter rose 46.3% from a year earlier to 120.4 billion won.
Revenue for the same period increased 10.4% to 895.8 billion won. Net profit came to 149.7 billion won, up 113%.
A Youngone official said results improved from last year on increased orders in the original equipment manufacturing (OEM) business institutional sector.
Youngone consigns production of more than 40 brands, including The North Face, Lululemon, and Patagonia, to overseas factories and exports the products. First-quarter OEM business institutional sector revenue was 1.1113 trillion won, up about 10% from a year earlier.
Revenue in the SCOTT business institutional sector, which operates premium bicycle and sporting goods distribution, was 267.2 billion won, up 18.1% from the same period last year. However, operating loss was 2.2 billion won, remaining in the red.