Seoul: South Korean beauty tech company APR Corp. announced a significant financial achievement on Wednesday with a second-quarter net income of 141.5 billion won (US$99.1 million), representing a 113.4 percent increase from the same period last year.

According to Yonhap News Agency, APR Corp., which operates well-known brands such as Medicube and Aprilskin, reported an operating profit of 190.6 billion won for the April-June period, marking a 134.5 percent rise from the previous year. Additionally, sales surged by 134.2 percent, reaching 767.5 billion won.

The company's financial performance surpassed market expectations, with analysts' average net profit estimate at 138.2 billion won, as reported by a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.