Kyochon F&B is showing strong performance on the 12th following its impressive third-quarter results and favorable reviews from the securities market.
As of 9:41 AM that day, Kyochon F&B was trading at 9,130 KRW on the KOSPI, up 450 KRW (5.18%).
The trading volume was approximately 470,000 shares, with a trading value of about 4.4 billion KRW.
Kyochon F&B's third-quarter revenue was 127.6 billion KRW, up 14.5% year-on-year, while operating profit was 7.6 billion KRW, down 10.7% compared to the previous year. The fact that the company succeeded in returning to profitability within one quarter drew attention.
Nam Seong-hyun, a researcher at IBK Investment & Securities, said, "Kyochon F&B's third-quarter performance this year successfully achieved a turnaround as expected," adding, "The third-quarter results are quite positive and are considered the strategic outcome of Kyochon F&B."
He also noted, "Kyochon F&B is currently reflecting an increase in fixed costs, including labor costs, aside from one-time conversion expenses," but evaluated, "Nonetheless, it is positive in that the company is building fundamentals strong enough to fully cover these costs."
He continued, "It is expected to achieve its best-ever performance in 2025," adding, "Next year's revenue and operating profit are estimated to rise by 7.2% and 147.7% year-on-year to 500.5 billion KRW and 56.2 billion KRW, respectively."
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