Shilla SG Reports Operating Profit of 1.8 Billion KRW Last Year, Down 19.7% Year-on-Year

Shilla SG announced on the 22nd that its operating profit on a consolidated basis last year was 1,806,982,705 KRW, a 19.7% decrease compared to the previous year. Last year's sales amounted to 88,377,059,730 KRW, a 20.3% increase from the previous year. Net profit for the period was 392,017,073 KRW, a 65.4% decrease compared to the previous year. The company stated, "Although product sales increased, the decline in profitability in some product sectors and the rise in selling and administrative expenses had an impact."