Namyang Dairy Products Reports Q3 Operating Loss of 18.2 Billion KRW, Reduces Deficit by 4.7 Billion KRW

[Asia Economy Reporter Song Seung-yoon] Namyang Dairy Products announced through a disclosure that it recorded an operating loss of 18.2 billion KRW on a consolidated basis in the third quarter of this year.

According to Namyang Dairy Products on the 15th, Namyang's sales amounted to 253.6 billion KRW, an increase of 5.6% compared to the same period last year, and the operating loss decreased by 4.7 billion KRW.

The net loss for the period was 10 billion KRW, down 5.8 billion KRW from 15.8 billion KRW last year. The cumulative sales for the third quarter reached 722.6 billion KRW, up 1.6% year-on-year, and the cumulative operating loss was 60.3 billion KRW, down 2.6 billion KRW from last year.

A Namyang Dairy Products official said, "Sales of milk products, coffee mix items, and export channels increased," adding, "We will strengthen marketing activities for existing power brands and pursue securing new growth engines such as protein, health functional foods, and the plant milk market."

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