Hyundai Green Food Q2 Operating Profit 24.4 Billion KRW... "Profitability Improvement in Group Catering, etc."

[Asia Economy Reporter Song Seung-yoon] Hyundai Green Food announced on the 12th through a public disclosure that its consolidated sales for the second quarter were tentatively estimated at 923.364 billion KRW, an increase of 7.41% compared to the same period last year.

Operating profit was 24.423 billion KRW, a decrease of 5.67% compared to the same period last year. Net profit for the period was recorded at 27.812 billion KRW, an increase of 11.01%.

Due to the impact of reopening (resumption of economic activities), profitability improved in group catering, food material distribution, and dining-out businesses, and sales increased due to expansion of new orders. On the other hand, the deterioration of performance of the affiliate Hyundai Livart was the cause of the decrease in operating profit. Hyundai Green Food holds a 42% stake in Hyundai Livart.