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Huons recorded 406.7 billion won in sales and 54.1 billion won in operating profit in 2020.
Huons announced on the 15th that through the announcement of its interim results, it recorded sales of 406.7 billion won and operating profit of 54.1 billion won based on consolidated financial statements in 2020, showing double-digit growth of 11% and 12%, respectively, compared to the previous year.
Based on separate financial statements, sales of 366.2 billion won and operating profit of 52 billion won, respectively, showed growth of 10% and 8% compared to the previous year.
Huons’ growth in the prescription drug business slightly slowed down due to the prolonged coronavirus infection (Corona 19), but new businesses in the beauty and well-being sectors grew, leading to a rise in sales.
In particular, the health functional food business, such as’Elubi Menorakto Probiotics’, a women’s menopausal health functional food that recorded 17 billion won in sales as a single item, led the earnings increase. Huons also revealed that quarantine supplies exported through the US subsidiary Huons USA contributed to the growth through steady sales.
Huons Natural and Huons Nature are also growing. Huons Natural succeeded in turning to the black with an operating profit of 1.1 billion won and 15.7 billion won in sales, a 75% increase over the previous year. Huon’s Nature’s sales increased 33% year-on-year to 30.4 billion won, and operating profit grew 28% to 2.1 billion won.
These companies continued their growth through the health functional food manufacturing method (OEM) and manufacturer’s open production (ODM), and the expansion of export countries, and reinforced their product lineup by launching new products of their own brand Innerset and Trimune.
Huons plans to focus on fostering the health functional food business this year. It plans to strengthen its lineup of Elruby menoracto probiotics, expand distribution channels, and carry out extensive marketing, and also launch prostate health functional foods for middle-aged men.
Huons CEO Eom Gi-an said, “We were able to record good results through business diversification, such as health functional foods, medical devices, and quarantine supplies, even in a difficult business environment due to the Corona 19 effect.” “We will do our best to continue sustainable growth by trying to expand the market, such as searching for “.