Chong Kun Dang Q1 Sales 310.7 Billion Won... Operating Profit Down 14.1% YoY
[Asia Economy Reporter Seongpil Cho] Chong Kun Dang announced on the 30th that its sales in the first quarter of this year reached 310.7 billion KRW, a 6.1% increase compared to the previous year. Operating profit for the same period was 22.4 billion KRW, down 14.1% year-on-year. Net profit was recorded at 13.5 billion KRW, a 24.4% decrease. A Chong Kun Dang official explained, "The decline in operating profit is due to increased R&D investment."
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