Daesang Holdings Reports Operating Profit of 162.7 Billion KRW Last Year, Down 21.4% Year-on-Year
[Asia Economy Reporter Lee Jung-yoon] Daesang Holdings announced on the 18th that its operating profit last year was 162.73985 billion KRW, down 21.4% from the previous year.
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Sales revenue was announced as 4.20569184 trillion KRW, up 12%. The company explained, "The increase in selling and administrative expenses is due to a rise in the cost ratio caused by increased raw material costs at subsidiaries and increased advertising expenses to boost sales."
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