Cosmax Inc. said its sales last year hit a record high, driven by the performance of its China business. Operating profit went up 25.5% from 2014 to 2015, marking the ninth consecutive year of growing sales of more than 20%.
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Furthermore, revenue in the Chinese beauty market alone jumped 64% from 2014, growing at a pace of 40% or higher since entering the market.
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Cosmax is also forecasting a stable growth of 20% or higher for 2016.
