The fourth quarter and full yr monetary report for Coway Co., Ltd. revealed 2022 fourth quarter income of $761 million, a 3.6% enhance year-over-year. Abroad income throughout this time interval additionally elevated by 19.6%, with the U.S. and Malaysia as its key progress drivers.
Complete annual income for 2022 reached $2.9 billion, a 5.2% enhance over 2021, with annual internet revenue of $355.5 million.
“In 2022, we recorded robust monetary outcomes as a consequence of our revolutionary product launches, regardless of the difficult market circumstances,” stated Jangwon Search engine optimisation, Coway Chief Govt Officer. “This yr, we plan to strengthen our competitiveness and develop our international market presence, whereas additionally specializing in our new sleep and wellness model, BEREX, and its Sensible Mattress, which we imagine shall be a serious contributor to our gross sales progress.”
