TP

Global apparel company TP, which recently changed its name, has announced its first quarter results.

"In the first quarter of this year, TP posted consolidated sales of KRW 226.6 billion and operating income of KRW 11.6 billion," the company said today.

TP's operating profit for the first quarter was KRW 11.6 billion, up 45% year-on-year, the highest ever for a first quarter. Revenue increased 6% year-on-year to KRW 226.6 billion, with an operating margin of 5.1%.