CJ Reports 535 Billion KRW Operating Profit in Q1, Down 7.1% Year-on-Year
CJ announced on the 15th that its consolidated operating profit for the first quarter was provisionally tallied at 535 billion KRW, a decrease of 7.1% compared to the same period last year.
Sales increased by 1.6% to 10.6004 trillion KRW, but net profit for the period decreased by 9.5% to 136.4 billion KRW.
A CJ representative explained that the decline in operating profit was due to the contraction of the domestic market, which partially affected the group's main businesses such as food and logistics.
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The company plans to focus on improving profitability in each business sector in the second quarter of this year.
This content was produced with the assistance of AI translation services.
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