Seoul, Nov. 8 -- South Korean cosmetics company Amorepacific Co. saw its shares surge Friday morning, following upbeat market assessments of its robust third-quarter earnings, as per a report by Pulse, the English service of Maeil Business News Korea.

Amorepacific shares were trading at 126,900 won (USD 86) as of 9:06 am on Friday, up 7 per cent from the previous session.

Amorepacific announced that its operating profit rose 41 per cent to 91.9 billion won in the third quarter. Sales climbed 4 per cent to 1.02 trillion won.

"The results were solid and met expectations," said Samsung Securities Analyst Lee Ga-young. "Growth of its own brands in the United States and Europe is expected to continue driving performance into the fourth quar...