Cosmax's US bet pays off in record quarter

South Korean cosmetics manufacturer Cosmax posted record revenue and profit this quarter, with its American business notching its first profit after achieving the steepest growth of any region. The company reported Tuesday that consolidated revenue for the April-June period rose 27 percent from a year earlier to 794.9 billion won ($560.8 million), while operating profit climbed 21 percent to 73.7 billion won. Both are record highs. For the first half, revenue totaled 1.48 trillion won and operat

By The Korea Herald