'Soared Overseas' Binggrae Reports Operating Profit of 131.3 Billion KRW Last Year, Up 17% YoY

Sales Reached 1.463 Trillion KRW Last Year
Up 4.9% Compared to Previous Year

Binggrae achieved strong performance last year, driven by increased overseas exports.

According to the Financial Supervisory Service on the 4th, Binggrae announced through a disclosure that its consolidated sales last year amounted to 1.463 trillion KRW, a 4.9% increase compared to the previous year. Operating profit rose 17% to 131.3 billion KRW, and net profit also increased by 19.7% year-on-year to 103.2 billion KRW.

A Binggrae representative stated, "Despite a slowdown in consumption due to the economic recession, sales in 2024 increased by 4.9% compared to the previous year, thanks to increased exports to key countries such as the United States, China, and Vietnam. Along with increased overseas exports and peak season sales, efforts to expand the product mix focused on profitability, which began in 2023, also contributed to a 17% increase in operating profit compared to the previous year."