SEOUL, Aug. 5 (UPI) -- South Korea's two leading cosmetics companies reported differing results for the second quarter of this year. Runner-up player Amorepacific fared well, while business bellwether LG Household & Health Care struggled.
Amorepacific said Friday that its second-quarter operating profit was $53 million, up more than 16-fold from a year ago. During the three-month period, its sales also jumped 11.1% year-over-year to reach $720 million.
The Seoul-based company was supported by stellar performance in global markets. It posted double-digit sales growth in such major markets as the United States, China and the Middle East.
An analyst said Amorepacific boosted its bottom line thanks to improvement in China, where the company suffered huge losses in the past.
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