Dongwon F&B Reports 63 Billion KRW Operating Profit in 3Q, Up 39% YoY... "Balanced Growth Across All Business Sectors"

Dongwon F&B recorded solid performance in the third quarter with balanced growth across all business divisions and consolidated subsidiaries.

Dongwon F&B announced on the 1st that its consolidated financial statements for the third quarter of this year showed a provisional sales revenue of 1.2075 trillion KRW, an 8.3% increase compared to the same period last year. Operating profit for the same period was 63 billion KRW, up 39.7% year-on-year.

On a standalone basis, Dongwon F&B achieved third-quarter sales of 581.7 billion KRW, an 8.6% increase from the previous year, and operating profit rose 24% to 41.6 billion KRW. Sales of general food products such as Dongwon Tuna and Richam increased, while fresh foods like Yangban Gim and refrigerated ham, as well as dairy and beverage divisions, also showed stable sales growth. Along with balanced sales growth, operating profit increased due to the holiday gift set season and marketing cost efficiency.

Dongwon F&B’s subsidiaries also made significant contributions to improved performance. Dongwon Home Food, a B2B comprehensive food company, saw balanced growth across all business sectors including ingredients, seasoning foods, catering, and livestock product distribution. Especially during the Chuseok holiday, strong sales of livestock gift sets and increased dining-out demand led to sales and operating profit rising 7.2% and 57.9% year-on-year, respectively.

Online food distribution company Dongwon Dear Food benefited from the Chuseok gift set season, with sales increasing 21.4% compared to the previous year. Feed manufacturing and sales company Dongwon Farms saw operating profit increase by 73.6%.

A Dongwon F&B official stated, “Although cost pressures on tuna, gim, and dairy products continue, we will create a sustainable growth structure through differentiated new product launches reflecting customer trends and expanding exports.”

This content was produced with the assistance of AI translation services.