Ottogi Q1 Operating Profit Reaches 59.4 Billion Won, Up 3.3%
Strong Sales of Ottogi Instant Rice and Edible Oils
First-Quarter Revenue Up 3.7%
Ottogi announced on May 15 that its consolidated sales for the first quarter of this year reached 955.2 billion won, marking a 3.7% increase compared to the same period last year. Operating profit rose by 3.3% to 59.4 billion won. The operating margin was 6.2%.
The company explained that increased sales of major product categories, such as Ottogi instant rice and edible oils, led to improved performance. Despite continued sluggish domestic consumption, the stable growth of key product sales contributed to enhanced profitability.
Overseas business is also expanding. First-quarter overseas sales grew by 9.6% compared to the same period last year, and the proportion of overseas sales in total revenue increased from 10.9% to 11.5%.
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Ottogi plans to further strengthen its sales activities focused on global markets and continue its efforts to improve profitability.
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