"Group Meal Service Boom"... Hyundai Green Food's Q2 Operating Profit Grows Double Digits

Hyundai Green Food announced on the 8th that its consolidated operating profit for the second quarter of this year reached 32.5 billion KRW, a 16.4% increase compared to the same period last year. During the same period, sales rose 4.2% to 542.4 billion KRW, and net profit increased by 13.5% to 23.6 billion KRW.

A Hyundai Green Food representative explained, "Both sales and operating profit increased due to strong performance in domestic and international group meal services."

Previously, on March 1st of last year, Hyundai Green Food was split into the surviving entity Hyundai GF Holdings and the newly established entity Hyundai Green Food. Accordingly, Hyundai Green Food disclosed the restated performance for the first half of last year and this year by segment through an investor relations (IR) presentation.

The restated first-half sales by Hyundai Green Food increased by 4.4% to 1.1019 trillion KRW, and operating profit rose 9.3% to 63.7 billion KRW.