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Coway Announces Financial Results for Q1 FY2024

SEOUL, South Korea, May 10, 2024 /PRNewswire/ -- Coway Co., Ltd., the "Best Life Solution Company," today reported its financial results for the first quarter of 2024. "Coway continues to maintain consistent performance with a revenue that's surpassed 1 trillion won for four consecutive quarters," said Soon Tae Kim, Coway's Chief Financial Officer. "In the upcoming second quarter, the launch of the 2024 Icon Ice Water Purifier and the continued success of the BEREX (Bed & Relax) lineup are forecasted to sustain our growth momentum." Coway's reported earnings are as follows: First-quarter revenue: KRW 1,001.8 billion (+5.6% YoY) First-quarter operating profit: KRW 193.7 billion (+10.3% YoY) * The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement. Domestic business recorded ...