Kim Sun-hee, CEO of Maeil Dairies, stated on the 24th, "We will overcome the crisis through profitability-focused management and foster strategic channels."
At the Maeil Dairies shareholders' meeting held at Kate Twin Tower in Jongno-gu, Seoul, Kim said, "The business environment has changed rapidly since COVID-19, and financial market risks have increased. We will overcome the crisis through profitability-focused management and foster strategic businesses and channels to build a foundation for sustainable growth."
At the shareholders' meeting, Maeil Dairies reappointed Cho Sung-hyung as Chief Operating Officer (COO) and Kim Hwan-seok as an inside director. Professor Park Kwang-woo of KAIST Graduate School of Finance and lawyer Noh So-ra were reappointed as outside directors. Additionally, the company added business support services as a new business purpose, laying the groundwork to support subsidiaries such as Maeil Health Nutrition and IMS Seed.
Last year, Maeil Dairies recorded consolidated sales of 1.6856 trillion KRW and operating profit of 60.6 billion KRW. Regarding this, CEO Kim evaluated, "Despite the difficult business environment, we focused our capabilities on highly profitable brands such as Sohwaga Jaldoeneun Milk and Sangha Farm, and actively fostered plant-based beverages like Oat, Almond, and Soy Milk, achieving approximately 10% sales growth."
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