bullish
Classys (214150 KS): Beautiful Growth Story Continues; No Sign of Slowing Down
337 Views11 Sep 2023 23:06
SUMMARY
- Classys (214150 KS) reported solid performance in 2Q23, with revenue and operating profit growing 40% and 52%, YoY, respectively, mainly driven by consumables sales in both domestic and overseas markets.
- Despite increase in advertising and R&D expenses, operating profit margin expanded 370 basis points to 50.4%. Net profit increased 34% YoY to KRW18.6 billion.
- With 1H23 revenue of KRW84.9 billion, Classys is on track to meet 2023 revenue guidance of KRW170 billion, representing year-over-year increase of 20%.
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Tina Banerjee
Global Healthcare Analyst
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