BGF Retail Q2 Operating Profit 78.1 Billion KRW... 10% Increase YoY (Comprehensive)
"Focus on Differentiated Products in the Second Half of the Year"
BGF Retail announced on the 3rd that its consolidated operating profit for the second quarter was 78.1 billion KRW, a 10.3% increase compared to the same period last year. During the same period, sales rose 9.4% to 2.0982 trillion KRW, and net profit also increased by 3.7% to 59.5 billion KRW.
In its IR report, BGF Retail stated, "We achieved double-digit growth in consolidated operating profit through expanded sales based on food and processed food products," adding, "Sales grew centered on active promotions and cost-effective differentiated products."
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A BGF Retail representative said, "Despite the challenging business environment, we achieved stable scale growth and sales growth rates," and added, "Both existing store growth and sales from new stores showed favorable results." The representative further stated, "In the second half of the year, we plan to strengthen product competitiveness by focusing on the development of new differentiated products."
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