Aromatica said in a filing on Aug. 5 that its preliminary second-quarter results came to 17.7 billion won in revenue and 2.2 billion won in operating profit. Compared with a year earlier, revenue rose 38.8% and operating profit increased 102.7%.
Cumulative first-half revenue was 31.7 billion won, up 29.8% from a year earlier. Over the same period, operating profit was 3.6 billion won, growing 60.1%.
Overseas business drove the overall expansion. Aromatica's first-half global revenue was 11.3 billion won, up 47.3% from the same period last year. The share of global business in total revenue was 35.5%, 4.2 percentage points higher than 31.3% a year earlier.
By region, revenue in the Americas and Japan increased 75.9% and 22.7%, respectively, leading growth. In particular, revenue generated on Amazon in the United States rose 109% from a year earlier.
Overseas offline distribution networks are also expanding rapidly. Aromatica's overseas offline partner stores increased more than twofold from 763 at the end of last year to 1,589 in the first half of this year. The company plans to increase its overseas stores to 3,000 in the second half by entering Target in the United States and Superdrug in the United Kingdom.
The domestic business also continued to grow. First-half domestic revenue was 20.5 billion won, up 21.8% from a year earlier.
Chief Executive Kim Yeong-gyun of Aromatica said, "The expansion of global business centered on the United States and the strengthening of competitiveness in major domestic distribution channels were the key factors in this growth," adding, "In the second half, we will reinforce our growth foundation by expanding the global offline distribution network and implementing customized strategies for each major market."