Lotte Wellfood Boosted by 'K-Food' Popularity, Operating Profit 177 Billion KRW... Up 30% YoY

"Improving Sales Structure, Expanding Global Business Including India"
Sales Slightly Decrease... Dividend of 3,000 Won per Share

Lotte Wellfood (formerly Lotte Confectionery) earned operating profit in the 170 billion KRW range last year, driven by improvements in its business structure and strong global operations including in India.

Lotte Wellfood announced on the 7th that its consolidated operating profit last year was 177 billion KRW, a 30.8% increase compared to the previous year. During the same period, sales decreased slightly by 0.2% to 4.0664 trillion KRW.

Lotte Wellfood invests 33 billion KRW in India to establish the first overseas production base for the Pepero brand

A Lotte Wellfood official explained, "Sales of dried fruits and ice cream increased, but sales slightly declined due to the drop in oil prices," adding, "We improved profitability through business structure improvements and expansion of global operations, including in the Indian market."

In particular, Lotte Wellfood's consolidated operating profit for the fourth quarter of last year was 29.2 billion KRW, up 49.8%. Sales for the quarter were 979.6 billion KRW, down 4.6% compared to the same period last year.

Lotte Wellfood also announced on the same day that it decided on a cash year-end dividend of 3,000 KRW per share. The dividend yield is 2.4%, with total dividends amounting to 26.5238 billion KRW.

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