Amorepacific China Revenue Declines over 30% in 2022
- Chaileedo Press
- Feb 2, 2023
- 3 min read
Updated: Feb 3, 2023
Amorepacific China President Huang Yongmin said in an interview with CHAILEEDO that Amorepacific will continue to promote brand strategy upgrade and innovation drive in China market in 2023.
On February 1, Amore Pacific Group released its fourth quarter and full-year report for fiscal year 2022. Amore Pacific Group's total sales were KRW 4,495 billion ($3.6 billion), down 15.6% year-on-year and operating profit was KRW 271.9 billion ($217.5 million), down 23.7% year-on-year, with a profit margin of 6%.
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