Pulmuone Reports Operating Profit of 38.5 Billion KRW Last Year, Down 16% YoY

[Asia Economy Reporter Koo Eun-mo] Pulmuone announced on the 28th that its consolidated operating profit for last year was tentatively estimated at 38.47325 billion KRW, down 16% from the previous year.

During the same period, sales increased by 9% to 2.5195 trillion KRW, while net profit decreased by 47% to 6.25387 billion KRW.

Pulmuone explained, "Although sales increased due to strong domestic food sales, profits declined due to the burden of premium maritime freight costs of overseas subsidiaries, and corporate tax expenses also increased due to improved performance of domestic subsidiaries."