"Lotte Chilsung Beverage Reports Strong Performance in Both Drinks and Alcohol, Operating Profit of 163.3 Billion KRW Last Year, Up 87% YoY"

[Asia Economy Reporter Koo Eun-mo] Lotte Chilsung Beverage announced on the 7th that its consolidated operating profit for last year was tentatively estimated at 182.2 billion KRW, an increase of 87.4% compared to the previous year. During the same period, sales amounted to 2.5061 trillion KRW, up 11% year-on-year, and net profit turned positive at 137.1 billion KRW.

The increase in sales of bottled water, carbonated drinks, and energy drinks led to the strong performance. Beverage business sales reached 1.6729 trillion KRW, up 7.8% from the previous year, and operating profit increased by 21.8% to 150 billion KRW.

Sales in the liquor business rose 10.3% to 672.2 billion KRW, and operating profit turned positive at 24.5 billion KRW. Although soju sales decreased by 2.4% compared to 2020, wine and beer sales increased by 34.4% and 14.5%, respectively, driving the improvement in the liquor business performance.

Lotte Chilsung Beverage's operating profit in the fourth quarter of last year was 18.9 billion KRW, up 469.8% from the same period last year. Sales and net loss for the same quarter were 599.6 billion KRW and 3.2 billion KRW, respectively.

Meanwhile, Lotte Chilsung Beverage announced that it decided on a cash dividend of 3,000 KRW per common share as a year-end dividend. The dividend yield is 2.2%, and the dividend record date is December 31, 2021.

This content was produced with the assistance of AI translation services.