Business
Coway Announces Financial Results for Q1 FY2025
Coway Co., Ltd., the "Best Life Solution Company," today reported its financial results for the first quarter of 2025.
About this update from Coway Co., Ltd.
[{"type":"text","content":"SEOUL, South Korea, May 9, 2025 /PRNewswire/ -- Coway Co., Ltd., the "Best Life Solution Company," today reported its financial results for the first quarter of 2025.","length":176,"tagName":"p"},{"type":"image","alt":"Coway Financial Results","displaySize":"","headline":null,"caption":"Coway Financial Results","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":113,"url":"https://media.zenfs.com/en/prnewswire.com/40423dfc3a1b812e581be278d1f30298"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7PR_M33XjrhIyYbTxF4K3g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/40423dfc3a1b812e581be278d1f30298","width":400,"height":113}},"href":"https://mma.prnewswire.com/media/2682589/Image__Coway_Financial_Results.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Coway achieved solid results across both domestic and global markets," said Soon Tae Kim, Coway's Chief Financial Officer. "These achievements were driven by our continued rollout of customer-centric, innovative new products, as well as the strengthening of our strategic marketing activities. In the second quarter, we will continue to remain agile within an ever-changing market while enhancing our products and service competitiveness and accelerating the expansion of our elder care business, Coway Life Solution, in order to ensure stable, long-term growth."","length":588,"tagName":"p"},{"type":"text","content":"Coway reported the following earnings:","length":38,"tagName":"p"},{"type":"text","content":"- First-quarter revenue: KRW 1,174.9 billion (+17.3% YoY)- First-quarter operating profit: KRW 211.2 billion (+9.0% YoY)","length":121,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"* The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.","length":118,"tagName":"p","attribs":{}}]}]}],"length":118},{"type":"text","content":"Coway's domestic business recorded a first-quarter revenue of KRW 678.6 billion, marking a year-on-year increase of 10.8%. This growth was driven by a 63.0% year-on-year rise in net rental account additions, total...