Dongwon F&B Q2 Operating Profit Up 22.4% YoY... "Balanced Growth of Subsidiaries" (Comprehensive)

Connection 기준 27.447 billion KRW
Strong performance from Dongwon Home Food and Dongwon Farms

Dongwon Group's food business affiliate Dongwon F&B achieved strong results in the second quarter, supported by the balanced growth of its subsidiaries.

Dongwon F&B announced on the 4th that its consolidated operating profit for the second quarter of this year reached 27.447 billion KRW, a 22.4% increase compared to the same period last year. During the same period, sales rose 9.1% to 1.052035 trillion KRW, and net profit increased by 13.7% to 16.65 billion KRW.

Dongwon F&B explained that the balanced growth of its consolidated subsidiaries, including Dongwon Home Food and Dongwon Farms, drove the overall performance growth. Dongwon Home Food, a B2B specialized comprehensive food company, saw its operating profit increase by 15.1% compared to the same period last year. The company attributed this to the expansion of new clients in the food ingredient distribution business and improved logistics cost efficiency. Dongwon Farms, responsible for the feed business, recorded a 69.4% increase in operating profit, resulting from a significant rise in overall feed sales, including functional new products.

A Dongwon F&B representative stated, "The cost burden continues due to significant increases in raw material prices and manufacturing expenses for tuna, pork, and seaweed." They added, "In the second half of the year, we will address the immediate cost pressures through production efficiency improvements while actively pursuing differentiated new product launches, nurturing major brands, and global expansion to establish a mid- to long-term growth structure."