THE WHAT? AmorePacific has reported its results for the first quarter of the current financial year. The K-beauty behemoth said that weak sales in Asian markets resulted in net profit tumbling 25 percent to KRW132.2 billion compared to last year’s figures, according to a report published by Yonhap News.
THE DETAILS Operating profit dropped 13 percent to KRW171.2 billion while sales dipped 9 percent to KRW1.26 trillion versus the prior-year period.
THE WHY? AmorePacific said in a statement, per Yonhap News, “Decreased sales in China and other Asian markets had an impact on the quarterly bottom line amid the reemergence of the Covid-19 pandemic despite increased sales in North American markets.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
