[
THE INVESTOR]
CJ CheilJedang reported that its operating profit in the second quarter rose 9.8 percent to 210.6 billion won (US$189.58 million) from the same period last year, in a regulatory filing Aug. 5.
Sales came in at 3.61 trillion won, up 14.05 percent and net profit increased 15.39 percent to 71.91 billion won on-year.
Excluding those of subsidiary
CJ Korea Express, the food and bio conglomerate recorded 2.21 trillion won revenue, up 12.12 percent, while its operating profit slipped 0.4 percent to 152.1 billion won on-year.
“Turnover increased across the board,” said the company explaining that increase in overseas sales volume in food and biological resources divisions largely contributed to the growth.
Processed food’s international turnover surged over 60 percent and that of biological resources was 74 percent, a record high for the company.
Its flagship business food showed 11.1 percent increase in sales at 1.14 trillion won and 6.3 percent increase in operating profit at 84.4 billion won boosted by the popularity of frozen food and home meal replacement.
By Hwang You-mee (
glamazon@heraldcorp.com)
