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Biz News Korea(Eng)

Vivian posts 11 straight quarters of operating profit

Collected: 2024.03.22

Distributed: 2024.03.23

Source: Go Direct

[Courtesy of Vivian]

Vivian, a leading lingerie brand in South Korea, announced on Friday that its operating profit fell 15 percent on year to 4.9 billion won ($3.67 million) in 2023. Sales were up 2 percent to 217.3 billion won.

Vivian has posted an operating profit for 11 consecutive quarters.

Vivian attributed the decline in operating profit to the impact of high interest rates and inflation. Despite this, the company emphasized steady improvement in operating profit margins through the expansion of its product lineup with new releases.

The company also highlighted significant growth in sales through its online platform, Vivian Mall, as well as expansion efforts in the home shopping apparel sector.

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