A textile, chemical and electronics parts producer, Cheil Industries Inc, an associate of Samsung Group's overall earnings was healthy.
Cheil Industries, textile and fashion brands sector performed strongly in the second quarter due to the consolidation of fashion and textile divisions, spurning off some of the less profitable names and focusing on better performing brands like Bean Pole, FUBU, Rogatis, and Galaxy.
Indeed Cheil's textile business saw a double-digit operating income ratio of 12 percent, up by 4.9 percent than the previous year.
Bean Pole saw its sales grow by 33 percent, while Galaxy and Rogatis likewise grew by 4 percent.
Its chemicals sector was also strong, with sales up by 10.3 percent from a year ago.
The oil price hike helped boost the price of its chemical products, and it also expects further profits in the third quarter.
In the electronic parts sector active investments is still in the early stage but the company expects to benefit significantly in the future.
marketing@alchempro.com
