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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘Cosmecca Korea posts earnings surprise in Q2’

  • PUBLISHED :August 23, 2018 - 10:37
  • UPDATED :August 23, 2018 - 10:37
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[THE INVESTOR] Cosmecca Korea’s second-quarter earnings were surprisingly strong, said KB Investment and Securities on Aug. 23, maintaining a “buy” recommendation and raising the target price to 42,000 won (US$37.50) from 37,500 won.




Its operating profit hiked 84.1 percent on-year to 9.6 billion won and revenue 59.7 percent to record 79.6 billion won. Both operating profit and revenue beat market expectations, 62 percent and 15 percent higher respectively. Although sales from offline stores fell 27 percent and revenue from home shopping channel managed to rise 10 percent, revenue from a client, with multiple channels mainly targeting Chinese consumers, soared 344 percent. Not only did its revenue reach a record high but profits also improved significantly, with operating profit ratio as high as 12 percent, said analyst Park Sin-ae.

Revenue this year will leap 65 percent from last year to 300.2 billion won and operating profit by 46 percent to 16.1 billion won. It will gain strength both at home and abroad including China. With Englewood Lab’s earnings to be reflected from the third quarter its earnings could dip in the short term but in a long-term perspective, expectations are rising for its expansion in the US, said the analyst. 

By Hwang You-mee (glamazon@heraldcorp.com)

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