Namyang Dairy Products Reports Net Profit of 250 Million KRW Last Year... Returns to Profitability After 6 Years

Business Restructuring Under Hahn & Company
Laying the Foundation for Growth Through Restoring Consumer Trust

Namyang Dairy Products announced on the 20th that its net profit on a consolidated basis last year was 250 million KRW. This marks the first profit in six years since the third quarter of 2019. The operating loss also decreased by 61.7 billion KRW. During the same period, Namyang Dairy Products recorded an operating loss of 9.8 billion KRW. Sales amounted to 952.8 billion KRW, a 4.4% decrease compared to the previous year.

The company explained, "This is the result of prioritizing the restoration of consumer trust despite the challenging business environment in the dairy industry, including rising raw material prices." After changing its largest shareholder to the private equity firm Hahn & Company at the end of January last year, Namyang Dairy Products completed the formation of a new board of directors through the regular shareholders' meeting in March and embarked on management innovation. They established a transparent governance system, implemented a strategic restructuring focusing on core businesses, and laid the foundation for sustainable growth through operational optimization.

Kim Seung-eon, CEO and Executive Officer of Namyang Dairy Products, stated, "Last year, all employees united and made comprehensive efforts to normalize management and restore trust." He added, "We will continue to pursue product innovation, strengthen quality control, and optimize operations with the goal of restoring consumer trust and achieving sustainable growth."