Binggrae Q3 Operating Profit Up 153.9% YoY... "Domestic and Overseas Earnings Improvement" (Comprehensive)

Sales of 434.2 Billion KRW... 11.2% Increase Compared to Same Period Last Year
"Business Performance Driven by Heatwave and Late Summer Heat"

Binggrae announced on the 14th that its operating profit for the third quarter of this year on a consolidated basis increased by 153.9% compared to the same period last year, reaching 65.4 billion KRW. During the same period, sales rose by 11.2% year-on-year to 434.2 billion KRW, and net profit surged 162.4% to 52.9 billion KRW.

This performance is attributed to increased sales in the domestic frozen business due to the summer heatwave and prolonged late summer heat this year, as well as expanded sales of profitability-focused products in the refrigerated business. The company explained that overseas business results also improved, with Binggrae's overseas business performance increasing by more than 20% year-on-year during the same period, driving improvements in sales and profits.

A Binggrae representative stated, "Not only domestic and overseas businesses but also efforts to reduce costs and improve efficiency in selling and administrative expenses contributed to the turnaround in performance."

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