Hyundai Green Food Achieves Record Quarterly Performance... "Strong Growth in Group Catering and Dining Businesses"

Operating Profit of 38.3 Billion KRW in Q3... Up 35.3% YoY
Sales Also Increased by 4.7% to 601.6 Billion KRW
Plan to Cancel About 740,000 Treasury Shares by February Next Year

Hyundai Green Food achieved its highest quarterly performance ever, driven by strong growth in group catering and dining-out businesses.

Hyundai Green Food announced on the 7th that its consolidated operating profit for the third quarter of this year reached 38.3 billion KRW, a 35.3% increase compared to the same period last year. Sales during the same period rose 4.7% to 601.6 billion KRW. Net profit also increased by 39.0% to 30.5 billion KRW.

A Hyundai Green Food official stated, “With an increase in the number of meals served in our core group catering business and continued strong sales in the dining-out sector, including Italy and Texas Roadhouse, both sales and operating profit recorded the highest quarterly results ever.”

Meanwhile, Hyundai Green Food also announced a plan to enhance corporate value, including medium- to long-term goals such as ▲a return on equity (ROE) target of 6%, ▲a shareholder return ratio of around 40%, ▲expansion of cash dividends and implementation of interim dividends, and ▲improvements to the dividend system along with share repurchase and cancellation.

The company plans to cancel 745,374 treasury shares by February 7 of next year. This amounts to approximately 9.17554 billion KRW.