"Top Product and Convenience Foods Thrive"…Ottogi's Q3 Operating Profit Up 87.6% YoY (Comprehensive)
Sales of 908.7 billion KRW... 10.6% increase compared to last year
Ottogi announced on the 14th that its operating profit for the third quarter of this year on a consolidated basis increased by 87.6% compared to the same period last year, reaching 83 billion KRW. During the same period, sales rose by 10.6% to 908.7 billion KRW, and net profit surged by 114.2% to 54.8 billion KRW.
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An Ottogi representative explained, "Sales of the company's traditional top products such as 'Ketchup' and 'Mayonnaise,' as well as key home meal replacement (HMR) products like Ottogi Rice and Cupbap, increased." They added, "The improvement in operating profit was influenced by increased sales from overseas subsidiaries and the effect of improved cost ratios."
This content was produced with the assistance of AI translation services.
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