Sun & L 'Lurepack' Successfully Turns Profit in Q2…Body Improvement Efforts Show Results

*This content was translated by AI.

Global lifestyle beauty packaging company Sun & L reported standalone sales of 54.3 billion won and turned its operating profit to positive in the second quarter of 2026, while its subsidiary Lurepack also continued its trend of performance improvement.

Lurepack, which operates a plastic packaging business, announced on the 20th that it recorded sales of approximately 6.7 billion won and an operating profit of about 480 million won in the second quarter of 2026, successfully turning profitable on a quarterly basis.

Net income also shifted from a loss of approximately 6.7 billion won in the first quarter to a profit of around 390 million won in the second quarter.

Like its parent company Sun & L, cumulative operating losses remain for the first half of the year, but the company explained that sales growth and profitability improvements emerged simultaneously in the second quarter, laying the foundation for performance normalization.

Sun & L is expanding its customer base and product portfolio in the plastic packaging market, including containers for cosmetics and household products, centered on Lurepack, thereby strengthening synergies with existing businesses.

However, in consolidated operating results, poor performance by another subsidiary, Sun & L Interior Co., emerged as a major burden.

Sun & L Interior recorded standalone sales of 46.8 billion won, an operating loss of 2.6 billion won, and a net loss of 2.5 billion won for the first half of 2026 on a standalone basis.

While Lurepack, focused on plastic packaging business, succeeded in turning profitable in the second quarter, Sun & L Interior, which is directly affected by construction market conditions, continues to face challenges.

A Sun & L official stated, "In the second quarter, operating profit turned positive on a standalone basis, and net income also became positive through the sale of certain assets, including forest land in Pohang. In particular, with Lurepack successfully turning profitable in the second quarter, we confirmed the growth potential and possibility of profitability improvement in the plastic packaging business."

The official added, "Sun & L Interior continues to face a difficult operating environment due to the slowdown in the construction industry, which is its upstream sector. However, we will pursue performance recovery through profitability improvements by business segment and cost efficiency. In the second half of the year, we will focus on strengthening growth drivers centered on lifestyle beauty and plastic packaging businesses, while enhancing competitiveness and profitability across each business division."

Meanwhile, Sun & L is a company that has grown based on its wood business, and it is recently cultivating lifestyle beauty and plastic packaging businesses as new growth engines. While expanding cosmetics and household product packaging operations through its subsidiary Lurepack, the company is simultaneously restructuring its business portfolio and optimizing held assets to strengthen profitability-focused management.

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*This content was translated by AI.