[Special Stock] S&D's Profit Surges Due to Popularity of Buldak Bokkeummyeon

As the popularity of 'Buldak Bokkeum Myun' continues overseas, the stock price of S&D, which supplies the powdered sauce, is also on the rise. This appears to be influenced by the operating profit for the fourth quarter of this year exceeding expectations.

At 9:40 a.m. on the 6th, S&D was trading at 53,100 KRW, up 23.06% from the previous day.

S&D recorded sales of 34.6 billion KRW and an operating profit of 6.4 billion KRW in the fourth quarter of last year. These figures represent increases of 38.9% and 54.1%, respectively, compared to the same period the previous year.

Jongseon Park, a researcher at Eugene Investment & Securities, explained, "S&D achieved its highest quarterly performance ever," adding, "It exceeded the estimates of 29.9 billion KRW in sales and 5.7 billion KRW in operating profit."

He continued, "With the Buldak Bokkeum Myun craze, sales of general functional food materials supplying liquid and powdered sauces to major clients increased by 45.8% compared to the same period last year," and added, "Sales in the health functional food materials sector, which are extracted, refined, and separated from natural raw materials, grew by 6.3% year-on-year."

He analyzed, "In the first quarter of this year, sales and operating profit are expected to increase by 18.9% and 27.5%, respectively, compared to the same period last year," and said, "Growth will continue based on the effects of factory expansion and facility investment."