Food giant CJ CheilJedang's profits rise for 3rd straight quarter

Quick Summary:

South Korean food giant CJ CheilJedang Corp.'s quarterly operating profit increased for the third consecutive quarter, reversing a decline in the third quarter of last year, thanks to sales growth in processed food such as pre-cooked rice and frozen dumplings and pizza.

Including CJ Logistics’ quarterly earnings, the food company logged 383.6 billion won in operating profit and 7.24 trillion won in revenue in the April-June period on a consolidated basis, up 0.3% and 11.3% on-year, respectively.

CJ CheilJedang’s food business posted a 135.9 billion won operating profit and 2.71 trillion won revenue in the second quarter, down 4.8% and 1% from a year-earlier period, respectively.

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Category: Economy

Markets: South KoreaAustraliaGermanyNetherlands

Topics: Profit Quarter On-year Unit Billion Food Revenue Company Sales Operating Trillion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 17:51:57 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 22061621

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