KOLMAR Korea's Operating Profit Increases by 44% Driven by Indie Brands
Creatrip Team
a year ago
KOLMAR Korea's operating profit increased by nearly 44% from the previous year, mainly due to the growth of small cosmetics brands, known as indie brands. In 2024, the company's operating profit reached 195.6 billion KRW, with a 13.75% increase in sales and a 427.77% rise in net profit. However, there was a slight decline in fourth-quarter results, with operating profits decreasing by 1.44%. The Korean branch recorded its highest fourth-quarter sales, but the Chinese branch experienced a decline. The American branch saw significant growth, turning a profit, while the Canadian branch's sales decreased. KOLMAR Korea's subsidiary, YEONWOO, incurred an operating loss, whereas the bio-health firm HK Inno. N showed stable growth. KOLMAR Korea attributes the success to the continued global growth of indie brand customers and improved profitability.
