Seoul: Amorepacific Corp. on Wednesday reported its first-quarter net income of 119 billion won (US$82.9 million), marking a 48.5 percent increase from the same period last year.

According to Yonhap News Agency, the company's operating income for the January-March period reached 117.7 billion won, which represents a 62 percent rise compared to the previous year. Furthermore, Amorepacific's sales grew by 17.1 percent, totaling 1.06 trillion won.

These earnings surpassed market expectations, with the average net profit estimate by analysts being 92.2 billion won, as per a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency.