Handsomes headquarters. /Courtesy of Handsome

Handsome reported on the 7th that its first-quarter earnings were provisionally tallied at sales of 380.3 billion won and an operating profit of 21.8 billion won. Compared to the same period last year, sales decreased by 3.4% and operating profit fell by 32.9%.

This year's first-quarter net profit was 18.4 billion won, a decrease of 22.4% compared to the first quarter of last year. Handsome noted that the decline in sales was due to a contraction in consumer sentiment caused by increased internal and external uncertainties.