CJ Freshway Reports Operating Profit of 97.8 Billion KRW Last Year, Up 75.8%

CJ Freshway announced on the 10th that its operating profit on a consolidated basis last year was 97.8 billion KRW, an increase of 75.8% compared to the previous year. During the same period, sales rose 19.9% to 2.7477 trillion KRW, and net profit increased by 67.9% to 52.2 billion KRW.

CJ Freshway explained, "Both sales and operating profit exceeded the management plan targets of 2.5 trillion KRW and 95 billion KRW set last year, showing a stable growth trend."

By sector, the food ingredient distribution business achieved sales of 2.093 trillion KRW last year. This was due to the expanded market share of lifecycle-customized product brands such as Ainuri (infants and toddlers), Ttuntun School (children and adolescents), and Healthy Nuri (elderly), as well as an increase in new customers.

In the group meal service business, sales reached 583.8 billion KRW as performance improved across industrial sites, golf courses, and others. Additionally, the manufacturing business recorded sales of 70.8 billion KRW.

CJ Freshway expects that the merger of its subsidiaries Songrim Food and J Farms next month will enhance the expertise and efficiency of its manufacturing business.