Ottogi Reports 16% Decrease in Operating Profit Last Year to 166.5 Billion KRW
[Asia Economy Reporter Ji Yeon-jin] Ottogi announced on the 14th that its consolidated sales for last year amounted to 2.739 trillion KRW, a 5.5% increase compared to the same period the previous year.
During this period, operating profit was 166.5 billion KRW, down 16.1%, while net profit increased by 16.4% to 128.4 billion KRW.
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The company stated, "Operating profit decreased due to an increase in cost ratio caused by rising prices of major raw materials."
This content was produced with the assistance of AI translation services.
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