Mom's Touch Reports Operating Profit of 40.2 Billion KRW Last Year, Up 53.3% from Previous Year
[Asia Economy Reporter Lee Seon-ae] Momstouch announced on the 15th that its operating profit last year was 40.26 billion KRW, an increase of 53.3% compared to the previous year.
Sales revenue increased by 5.2% to 300.89 billion KRW, while net profit decreased by 1.0% to 23.21 billion KRW.
Momstouch explained that this performance was achieved thanks to increased delivery sales and the effects of advertising.
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Earlier last month, Momstouch declared a voluntary delisting and announced that its largest shareholder, Korea F&B Holdings, would conduct a public tender offer for 15.80% of the company's shares.
This content was produced with the assistance of AI translation services.
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