[Special Stock] Pulmuone Surges Over 5% as Sales Exceed 3 Trillion Won

Pulmuone, which surpassed annual sales of 3 trillion won last year and joined the '3 Trillion Club,' is showing strength on the 4th.

As of 9:30 AM on this day, Pulmuone's stock is trading at 10,770 won, up 5.38% compared to the previous trading day.

This is interpreted as being influenced by the earnings announcement on this day. Pulmuone announced that last year's sales increased by 7.4% compared to the previous year, reaching 3.2137 trillion won. Operating profit increased by 48.6% year-on-year to 92.1 billion won, and net profit recorded 34 billion won, up 154.7% compared to the previous year.

Overseas businesses, including the United States, drove sales growth. Pulmuone's U.S. subsidiary's cumulative sales for the third quarter of last year increased by 21.1% compared to the previous year. The U.S. subsidiary's main businesses, tofu and Asian noodles, saw annual sales grow by 12.1% and 21.1% respectively compared to the previous year, and sales in the K-snack category increased by 182.2%. Pulmuone plans to achieve a turnaround in its overall overseas business performance within the year through the scale growth and profitability improvement of its U.S. subsidiary, which accounts for about two-thirds of total overseas sales.

원본보기 아이콘

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.