In its second quarter financial report for 2022, Coway announced revenue of $754.6 million, an 8% increase year over year. The company’s operating profit was also up by 5.7% to $135.7 million.
Coway’s cumulative sales for 2022 now total $1.4 billion, a 6.8% increase over 2021, with an operating profit of $269 million.
In the second quarter alone, Coway established 780,000 new accounts in South Korea and overseas, and the company’s total accounts have now reached 9.44 million. Malaysia and the United States were the company’s key growth drivers, increasing their revenue year over year by 16.1% and 50% respectively.