[straight news network Beijing, May 12 news] (Fashion) strong growth in amore Pacific Corp. amore Pacific Group income still benefit in the overseas market, mainly in the Chinese market, a quarter of the group's overseas market income increased by 45.7% to $40.8 billion won, accounted for from the first quarter of fiscal year 2015 23.3% up to 27.5%, the increase in the first quarter rose to more than an increase of 44.4% in the year 2015. However, the period of local market revenue growth of 16.1%, less than in 2015 of the year 17%, although still strong, but the pressure of RMB appreciation.

There is no doubt that the Asia Pacific market for amore Pacific Corp., amore Pacific Group to provide stream of power, the group make every effort to develop the Chinese market after last year after China across the board price cut, this year to focus on developing B2C business, the group's main brand provided snow show early March settled lynx. The Asia Pacific market first quarter revenue growth of 50.0 to 3787 billion won; the United States and the European market is still relatively small, almost negligible, the United States income rose 25.1 percent to $14.9 billion won, and the European market anti drop 6.4% to 15.4 billion euros. In the first quarter, the group's overseas market operating profit rose 36.7% to 79 billion 400 million won.

However, amore Pacific Corp. amore Pacific Group didn't avoid the impact of the global economic downturn for the mass cosmetics market brings. A quarter, local group mass market and OSulloc food sector income increment 1.9% to 1415 billion won, mainly due to drag down the food sector income; and cosmetics business is 18.6 per cent increase to 944 billion won, but two departments are quite different. During the period, the group in the South Korean market including provided Sulwhasoo, Hera Hera on behalf of the luxury goods sector income year-on-year growth of 31.1% to 64.4 billion won; LANEIGE Lange, IOPE Aino clinic Bi and mamonde representative of high-end brand sector revenue year-on-year fell 3.2 per cent to 2.823 billion won; Ryo Lu, happy bath, median and shampoo, toothpaste and other popular brand department annual income rose 4.6 percent to $128.1 billion won; OSulloc food sector in the first quarter revenue continued to slump, 17.9% decline to 135 billion won.

Cut-off 2016 March 31 in the first quarter, amore Pacific Corp., amore Pacific Group net profit growth of 24.4% to 26.3 billion won; operating profit of 337.8 billion won annual Rose 21.5%. Two data has a significant slowdown, which operating profit margin of 22.7% compared with the same period last year there are 50 basis points of contraction, the only gross margin rose 110 basis points to 75.6%.

Monday, amore Pacific Corp. 090430:KS amore Pacific Group, receiving 411000 won, or 0.86%, the stocks so far this year, essentially flat, in the past 12 months rose to 10%, over the past two years, the trend can be exactly to bland. 3

(original title: amore Pacific: continued strong but in the low-end market badly)

Editor: Xiaoqing

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