Entertainment · K-Culture & Anime · 18 hrs ago

Sung Yuri’s cosmetics business reports lower sales and capital impairment

Sung Yuri’s cosmetics business reports lower sales and capital impairment

Sung Yuri’s cosmetics business reported a sharp sales drop as she prepares to resume activities with the group Fin.K.L.

The company operating her brand, Yuliel, recorded revenue of about 40.2 million won in the first half of this year, down 56.3% from a year earlier.

Despite the lower sales, Yuliel returned to a net profit after reporting a loss in the same period last year.

At the end of June, its capital was still negative 324.26 million won, though that was an improvement from the end of last year.

YuriD has used Sung Yuri’s name and image in its marketing, and Fin.K.L is preparing new music, performances and other activities over about two years.

Separately, her husband, Ahn Sung-hyun, is awaiting a Supreme Court ruling on November 12 after an appeals court acquitted him in a cryptocurrency listing influence-peddling case and prosecutors appealed.

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Beauty SkinYuried’s parent company
We expect to secure new distribution channels through Sung Yuri’s marketing effect, enabling our own brand to enter and expand in the domestic market.
via Sports Kyunghyang