Hyundai Green Food’s Q2 Operating Profit Rises 23.4% Year-on-Year to 38.1 Billion Won
2Q Sales Rise 7.8% to 595 Billion Won
Hyundai Green Food announced on August 4 that, on a consolidated basis, its sales for the second quarter of this year (April–June) increased by 7.8% year-on-year to 595 billion won, and its operating profit rose by 23.4% to 38.1 billion won. Net profit for the period reached 30.6 billion won, a 30.7% increase compared to the same period last year.
For the first half of the year, cumulative sales reached 1.2165 trillion won, and operating profit was 84.5 billion won, representing increases of 8.4% and 33.9%, respectively, compared to the same period last year. Net profit for the first half rose 34% year-on-year to 66.8 billion won.
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A Hyundai Green Food official explained, "Sales and operating profit increased due to expanded new orders and higher meal volumes in the group catering business, as well as robust performances from the care food and dining out businesses. In particular, operating profit improved thanks to greater efficiency in manufacturing costs and logistics expenses."
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